Confused! Gold and silver suddenly plummet with rapid dive! Guotou Silver LOF has hit the daily limit down for 4 consecutive days.

CryptocurrencySniper · 2026-02-05T03:51:42+00:00

On February 5th, spot gold and silver prices plummeted sharply, with gold dropping below $4900 and silver falling below $81. Several related stocks were also affected, with the precious metals sector experiencing a significant decline, some stocks hitting the daily limit, and market sentiment remaining subdued.

CryptocurrencySniper

2026-02-05 03:51:42

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【Introduction】On February 5th, during trading hours, spot gold prices fell below the $4900 mark, and spot silver prices dropped below $81.

Around 10:30 this morning, spot gold and silver suddenly plunged again, with the decline continuing to widen. Spot gold briefly fell below $4900 per ounce.

Let’s first look at the updated data for precious metals on February 5th:

Spot silver broke below $81 per ounce, with the lowest price at $80.562 per ounce, a daily decline of over 7%. Currently, it is quoted at $82.654 per ounce.

Spot gold’s lowest price was $4893.42 per ounce, briefly losing the $4900 level, with a daily decline of over 1%. Currently, it is quoted at $4913.026 per ounce.

International precious metal prices generally experienced a sharp decline.

In the A-shares market, the precious metals sector opened with significant declines. Hunan Gold and Hunan Silver temporarily hit 10cm limit down. Xiaocheng Technology fell over 10%, Sichuan Gold dropped more than 9%, and companies like Zhaojin Gold and Western Gold also declined.

Additionally, Guotou Silver LOF’s on-exchange trading opened with a limit-down, and it has now experienced four consecutive days of limit-down, with the premium rate falling back to 37.13%.

(Source: China Fund News)

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