Economy

Add as a preferred source on Google

Silver Falls 2% as Gold Drops 1.23% Below $4,090 an Ounce

Silver was reported at $52.35 an ounce after a $0.50 short-term drop. Gold lost more than $20 in a separate short move.

Updated 1 min read
A dealer examines silver bars at a bullion shop in London's Hatton Garden. / TokenPost.ai
A dealer examines silver bars at a bullion shop in London's Hatton Garden. / TokenPost.ai

Silver fell 2% in early Tuesday trading, a steeper daily loss than gold's 1.23% decline, as gold moved below $4,090 an ounce and both precious metals weakened.

Silver was reported at $52.35 an ounce after a $0.50 drop over a short interval. Gold also lost more than $20 in a short move. Those dollar changes describe shorter moves, while the percentage figures measure each metal's decline for the day to that point.

The declines contrasted with silver's Nov. 4 advance, when it gained 5.1% to $52.29 an ounce and gold rose 3.4% to $4,061.30. Silver recorded the larger percentage move on both dates, though the reported prices are separate snapshots rather than a measure of the change between them.

Related articles

View all