Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
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Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Australia’s Corporate Regulator Urges Pension Funds to Boost Technology Investment as Industry Grows 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Gold and silver prices declined sharply in early Asian trading on Friday, extending steep losses from the previous session as profit-taking, a stronger U.S. dollar, and easing geopolitical tensions continued to pressure precious metal markets. Silver remained the weakest performer after suffering a dramatic selloff on Thursday, while gold retreated significantly from its recent all-time high.
Spot gold fell 0.6% to $4,751.13 per ounce, while April gold futures dropped 2.5% to $4,766.11 per ounce. The yellow metal is now trading nearly $1,000 below the record levels reached just last week, marking a notable reversal after months of strong gains driven by safe-haven demand and central bank buying. Meanwhile, spot silver slid 2.2% to $69.383 per ounce, holding above Thursday’s low near $63, while silver futures plunged 8.1% to $70.378 per ounce.
Analysts at OCBC highlighted that silver’s current price range between $70 and $90 represents a crucial stabilization zone. According to the analysts, a sustained break below this area could trigger a deeper correction toward the $58–$60 range. However, if prices manage to hold within this band, bullish momentum could rebuild later as market conditions stabilize.
Other precious metals were also under pressure, with spot platinum tumbling 7.2% to $1,853.81 per ounce, reflecting the broader weakness across the metals complex. The selloff follows an extended rout that began last week after U.S. President Donald Trump nominated Kevin Warsh as the next Federal Reserve chairman, replacing Jerome Powell. Warsh is widely perceived as less dovish, fueling expectations of tighter monetary policy and driving a strong rebound in the U.S. dollar.
The dollar index is now on track for its best weekly performance since early October, further weighing on gold and silver prices, which typically move inversely to the greenback. Additionally, easing geopolitical tensions between the U.S. and Iran reduced safe-haven demand, as the two countries are scheduled to hold talks in Oman.
With the dollar firm and risk sentiment improving, gold and silver may remain volatile in the near term as investors reassess monetary policy expectations and geopolitical risks.
