Spot Silver Slides 3% as Gold Falls Nearly $30 in Metals Selloff

Spot silver fell 3% on Wednesday to $59.50 an ounce, while spot gold dropped nearly $30 over a short period to $4,085.96, marking a sharp decline across the precious-metals market.

The move put silver under immediate pressure after the metal’s intraday loss reached 3%. Gold also extended its short-term decline, falling close to $30 before trading at $4,085.96 an ounce.

Both metals were lower at the same time, highlighting a broad retreat within the precious-metals market.

The reported prices reflect levels during Wednesday’s trading session and may change as the market moves.