Precious metals market downturn intensifies, silver prices plummet below $79

ContractFreelancer · 2026-01-13T08:06:51+00:00

Today, silver and gold prices are on a decline, with silver falling below $79 and gold remaining at $4,453. They are showing a short-term correction phase influenced by changes in market sentiment and economic indicators.

ContractFreelancer

2026-01-13 08:06:51

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Today, the spot silver price dropped below $79, recording a decline of 2.81% over the course of the day. At the same time, New York futures also continued their bearish trend, closing below $79 per ounce and falling by 2.64%.

Meanwhile, spot gold also failed to avoid the accompanying weakness. The gold price fell by $16 per ounce, settling at around $4,453, indicating that the short-term correction phase is intensifying.

This decline across precious metals is attributed to changes in market sentiment and the impact of international macroeconomic indicators. Investors are closely watching the simultaneous correction of gold and silver prices and paying attention to support levels.

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