Gold And Silver Plunge As Political And Economic Worries Ease, But Expect Volatility To Continue
Source: SeekingAlpha
2026-02-01 01:32:35 ET
January 30th was a fascinating day for market participants. Gold prices closed down 8.3% for the day. But even worse, far worse in fact, was silver. Those prices plunged 25.5%. Precious metals typically don't experience this kind of volatility, especially on the downside. Spikes in response to geopolitical issues can be common. But big drops like this are rare. For the last year or so now, prices have been moving up, likely driven by multiple factors. And now, as certain near-term risks are subsiding, there is a move away from these metals and toward productive assets....
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Gold And Silver Plunge As Political And Economic Worries Ease, But Expect Volatility To Continue
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