Overview
- Comex silver fell about 20% on Friday to $91.7 per ounce as the March contract slumped below $92.
- Gold also retreated more than 5% after Thursday’s surge, marking a sharp correction from the previous session.
- The pullback followed fresh records a day earlier, with gold touching an intraday high of $5,625.89 and silver topping $120–$121 per ounce.
- One analyst said prices could ease if conflicts deescalate, the dollar strengthens, or central‑bank buying slows, describing the recent run‑up as a broad re‑pricing rather than a brief panic.
- BKS Mir Investitsiy models gold near $5,000 by end‑2026 but flags high uncertainty, while another expert sees a path to $10,000 over three to four years; WGC data show 2025 central‑bank demand fell 20% and Russian retail buying declined 2% to 72 tonnes.