Gold and Silver Prices Plummet $571 Billion in Three-Hour Sell-Off

A $571 billion sell-off in gold and silver saw precious metals shed an estimated $550 billion in value within three hours on September 28, 2026.

The losses were largely attributed to rising Treasury yields and a stronger U.S. dollar, which added pressure to the metals market.

Silver declined more sharply than gold due to its higher volatility and dual role as both an industrial and investment asset.

Rising interest-rate concerns also weighed on precious metals, with investors reducing exposure to assets sensitive to growth and industrial demand.