Metals Price Analysis Shows Gold and Silver Firm as Platinum Weakens
Gold, silver, and platinum traded mixed as metals continued testing important trendline support zones.
Metals Pull Back Before New York Open as Traders Watch Reversal
Metals came under pressure today as gold, silver, copper, and platinum all dropped before the New York session. Analyst Ian Cooper said gold was down 1.9%, silver lost 6%, copper fell 3.2%, and platinum declined 2.7% at the time of his update.
Silver Dumps Hard, What Happened?
Silver prices just experienced a gut punch — the steepest one-day percentage decline in roughly 14 years. After an extended rally that sent the metal to multi-year highs, futures plunged sharply, breaking key support levels and triggering a wave of selling as traders rushed to lock in gains or cut losses.