Silver rate today: Silver, platinum and palladium see sharper declines
The weakness in precious metals extended well beyond gold, with silver and platinum group metals posting even steeper losses. Spot silver dropped 3.6% to $55.68 per ounce, while platinum fell 3.1% and palladium declined 4.1%. The broad-based sell-off reflected growing concerns that higher interest rates and a stronger dollar could weigh on demand across the precious metals complex.
Investors reduced exposure not only to gold but also to other metals as market sentiment shifted towards interest-bearing assets. The move highlighted how macroeconomic developments can influence the entire precious metals basket rather than affecting gold alone.
✍️ Vikrant Kharwar
Vikrant Kharwar is the Founder and Editor of News Us Media. He writes about trending news, sports, entertainment, technology, and viral stories. His goal is to make news simple, informative, and easy to understand for readers across the United States and around the world.
