What was the historic performance of silver on Friday?

Silver experienced its worst one-day performance since 1980, plunging approximately 30%.

How much did gold prices drop recently?

Gold prices also dropped around 9% recently.

What economic data are investors watching in Asia?

Investors are watching private data for China's factory activity in January.

Home / Business and Economy / Silver Plummets 30% in Historic One-Day Drop

Silver Plummets 30% in Historic One-Day Drop

2 Feb

•

Summary

Silver experienced its worst single-day performance since 1980.
Gold prices also saw a significant decrease of around 9%.
Asia-Pacific markets anticipated a mixed trading session.

Silver Plummets 30% in Historic One-Day Drop

Precious metals markets faced significant volatility as silver experienced its sharpest one-day decline since 1980, dropping about 30% after more than doubling in value over the preceding twelve months. Gold prices also fell considerably, around 9%, leaving investors watchful of further price movements.

This market turbulence coincides with anticipation for crucial private data concerning China's factory activity in January. As a result, Asia-Pacific markets were poised for a mixed opening. Futures for Japan's Nikkei 225 indicated a stronger start, while Hong Kong's Hang Seng index futures suggested a weaker opening. Australia's S&P/ASX 200 also saw a decline.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.