Gold prices turn soft, and silver loses key support

GhostAddressHunter · 2026-01-13T09:15:44+00:00

In the ongoing adjustment in the commodity markets, gold prices have fallen below $4,453 per ounce, and silver prices have dropped below $79, both continuing to decline. In particular, the decline in silver reflects high volatility, and short-term price fluctuations are expected to intensify.

GhostAddressHunter

2026-01-13 09:15:44

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A noticeable correction is underway in the commodity markets. The spot gold price is trading around $4,453 per ounce, recording a decline of approximately $16 in a short period. Simultaneously, the silver market continues to show weak price movements, with instances of breaking below the important level of $79 per ounce.

On this day, the decline rate of the silver spot price reached 2.81%, losing its technical support level. The New York silver futures market also exhibits a similar trend, breaking below $79, with a decline of 2.64% for the day.

The simultaneous decline of gold and silver suggests a correction phase across risk assets, drawing market participants’ attention. In particular, the large drop in silver reflects high volatility, indicating a period where short-term price movements are expected to become more intense.

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