# Gold and Silver Fall 30.9% and 58.9% From Records as Traders Cut Longs By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/56450 Published: 2026-11-13T07:41:42.000Z Updated: 2026-11-13T07:41:42.000Z Section: Investing > Spot gold fell below $3,900 to its lowest level since October 2025, while Hyperliquid accounts closed $6.3 million in silver longs for about $332,000 in realized losses. Gold and silver fell below year-earlier levels Thursday as spot prices extended a retreat from January records, while a Hyperliquid account added $4.63 million to a gold long. Spot gold fell below $3,900 to its lowest level since October 2025, and silver slipped below $50, approaching its late-October low of $48.87. On Nov. 13, 2025, gold was about $4,152 and silver about $52.18. Both metals set records Jan. 29: $5,594.82 for gold and $121.64 for silver. At Thursday's quoted prices of $3,867.90 and $49.90, respectively, gold was 30.9% below its record and silver was 58.9% below. A previous [cross-asset comparison]() also measured gold’s distance from its record. The declines came as U.S. inflation data remained strong, Federal Reserve officials made hawkish remarks and the dollar index reached a near 19-month high. Higher oil prices amid Middle East tensions reinforced expectations for persistent inflation and elevated interest rates. On Hyperliquid, an account beginning 0xdcb4 added about $4.63 million to a gold long at an average price of $3,886.41, bringing the position to about $5.39 million. Its overall cost was $3,882.92, with an unrealized gain of about $19,000. Two accounts closed a combined $6.3 million in silver longs, realizing about $332,000 in losses. Account 0x4e23 sold about $4.8 million, reducing its position by 56%; it retained about $3.75 million in silver longs at an average cost of $51.46, with an unrealized loss of about $113,000. Account 0x3678 closed a roughly $1.5 million silver long at a loss of about $214,000 and reduced its gold longs by about $2.37 million, realizing a loss of about $168,000. It retained about $6.20 million in gold longs at an average cost of $4,176.09, with an unrealized loss of about $445,000. ## Links in this article - [cross-asset comparison](https://www.tokenpost.com/news/investing/46190)