Metal markets witnessed notable turmoil today, Wednesday, as the prices of most precious metals recorded significant declines.
Silver fell in spot transactions by more than three percent to reach $73.66 per ounce. Meanwhile, gold futures fell by 0.65% to $4358 per ounce, while the spot price of gold rose slightly to $4346 per ounce. Platinum continued its losses, recording a decrease of more than 7% to $2038.55, and palladium also witnessed a similar decrease to reach $1497.75 per ounce.
It is noteworthy that metals achieved exceptional performance during 2025, benefiting from the exacerbation of geopolitical tensions and the decline in the value of the US dollar, which made them a tool to hedge against inflation and an attractive haven for foreign buyers. Expectations of interest rate cuts and concerns about limited supply also contributed to supporting prices.
In a related context, “Elon Musk” recently warned of Chinese restrictions on silver exports, scheduled to be implemented on January 1, stressing its importance in industrial and electronic operations, including solar panels, data centers, and electric vehicles, which increases its impact on the market.
