Spot Silver Drops 5% as Spot Gold Falls to $3,930 an Ounce

Spot silver fell 5% to $49.49 an ounce Friday, while spot gold touched $3,930 an ounce, putting both metals’ sharp losses on the radar for crypto and macro traders.

Silver’s intraday loss reached 5%, leaving the metal at $49.49 an ounce. Gold touched $3,930 an ounce, a 2.29% decline for the session. Both prices refer to spot metal trading.

Silver’s percentage drop was 2.71 percentage points larger than gold’s. The comparison reflects the day’s declines: 5% for silver and 2.29% for gold, with each metal quoted in dollars per ounce.

Both metals were lower during Friday’s session. The declines put precious metals in focus for crypto and macro traders monitoring movement across markets.

Silver led the drop in percentage terms, while gold reached the $3,930 level. The snapshot places silver at $49.49 an ounce and gold at $3,930 an ounce on Oct. 30.