Gold and Silver Prices Plunge: 6% Drop in Gold and Over 7% Decline in Silver Mark Sharpest Correction in Years Amid Inflation Hedge and Central Bank Demand

Gold and silver prices have recently experienced a sharp decline, with gold dropping by 6% and silver falling over 7%, representing their steepest downturn in several years. Analysts describe this movement as a “technical correction” rather than a market crash, following a sustained rally fueled by inflation hedging and increased central bank demand.

Experts identify key support levels for gold near $4,000 and expect silver to stabilize around $47. Despite the recent sell-off, long-term fundamentals such as strong industrial demand and continued central bank purchases remain intact. Many market watchers interpret this pullback as a natural market reset instead of a sign of deeper financial instability.