Gold and silver prices are experiencing a dramatic decline despite ongoing U.S.-Iran conflict, with silver down 17% in five days and gold falling more than 10%. Gold dropped to $4,691.70 per ounce on Thursday, while silver slipped to $70.68 per ounce.
The current streak represents the longest consecutive losses for gold since 2024, according to Bloomberg. This decline comes just two weeks after gold hit a record high and silver reached its own peak in February, highlighting the extreme volatility in precious metals markets.