Gold Falls Over 2% for the Week as Silver and Mining ETFs Slide

The divergence between Friday's modest spot gain and a sharply negative week points to a broader repricing rather than a single-session event, with silver's steeper drop and the mining ETF's fifth consecutive weekly decline suggesting weakness is concentrated in the higher-beta corners of the metals complex. That the equity proxy keeps sliding even as spot gold stabilizes is the detail worth noting, since it implies producers and leveraged exposure are being treated differently from bullion itself. Whether that gap persists, or the mining ETF's streak finally breaks, is the open question.