Precious Metals Retreat — Silver Dips After Breaching $80/Ounce
Precious metals pulled back on Monday as traders booked profits and easing geopolitical tensions cooled safe‑haven demand. After briefly climbing above $80 per ounce, silver retreated sharply, while gold eased from near record highs.
• Silver retreats: Silver fell back to around $75–$78/oz after earlier touching an all‑time high above $80/oz.
• Gold eases: Spot gold slipped about 1.7% to ~$4,455/oz after Friday’s record near $4,550.
• Profit‑taking: Traders booked gains following recent stellar rallies across precious metals.
• Geopolitical impact: Talks toward a possible peace deal in Ukraine helped reduce extreme safe‑haven flows.
• 2025 performance: Silver has soared ~181% YTD, vastly outperforming gold’s ~~72% rise this year.
“Despite today’s pullback, structural demand and supply constraints keep silver and gold on solid long‑term footing — silver could even challenge $100/oz next year if industrial demand and rate‑cut expectations persist.
#SilverDip #GoldPrices #MarketSentiment #SafeHavenAssets $XAU $PAXG
