Silver Drops 15%, Gold Falls 7% in Global Sell-Off; Miners and ETFs Hit Hard
Gold and silver prices tumbled on Friday—silver down roughly 15% and gold about 7%—triggering a global wave of selling in miners and funds linked to the metals. Exchange-traded products and mining equities saw outsized losses and elevated volumes as stop-losses, margin calls and investor redemptions amplified the drop across major markets.
Market participants cited a rapid rise in real yields and a firmer dollar as likely catalysts, along with position-squaring ahead of central bank commentary. The move matters because miners and metal ETFs are highly leveraged to spot prices, meaning price swings can cascade through commodity, equity and fund flows; traders should expect continued volatility and potential buying opportunities if selling pressure eases.