Silver Drops 5%, Gold Falls 2.8% as Precious Metals Slide

The scale of silver's move relative to gold is the notable part: a 5% single-session drop against gold's 2.8% points to silver's thinner liquidity and higher beta amplifying the same selling pressure, rather than a silver-specific catalyst. That both metals weakened through the session, without a reversal, suggests broad repositioning across the complex rather than a one-off headline reaction. Whether the selling is a short-term flush or the start of a more sustained de-risking in precious metals is the open question.