Precious Metals Plummet: Silver Falls 5%, Gold Slides Nearly 3%

Silver prices took a significant hit on September 28th, falling by 5% to $61.17 an ounce. This decline marked a broad move lower across precious metals, with gold also experiencing a notable drop.

Gold saw a nearly 3% decline in value, dropping to $4,163.08 per ounce. This move was particularly significant given the sharp percentage drop seen in silver prices.

The market weakness adds to an already closely watched session for precious metals, with both spot contracts trading lower at the latest update.