<p>Silver strike price of 125. It is now 75.</p>

Silvercrest Metals

Zijin Mining

ZIJIN MINING

Newmont

Agnico Eagle Mines

Kinross Gold

ZHONGJIN GOLD

SD-GOLD

SD GOLD

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

SPDR Gold Shares

Global X Silver Miner

EFUND GOLD MI-R

SPDR S&P Mtls & Mng

GLOBAL X Gold Explorers

YieldMax Gold Miners Opt Inc Strgy ETF

Abrdn Silver ETF Trust

VanEck Junior Gold Miners ETF

Sprott JR Gold Miners ETF

iShares Gold Trust

VanEck Gold Miners ETF

Sprott GLD Miners Etf

iShares Silver Tr

Roundhill Gold Miners Weeklypay ETF

EFUND GOLD MI ETF

iShares MSCI Global Gold Miners

EFUND GOLD MI-U

Abrdn Gold ETF Trust

Invesco Db Precious Metals ETF

<p>On Thursday, spot gold fell by 4.1% at one point, while silver plummeted by 11%. Amid renewed concerns about whether massive AI investments can truly be implemented on a large scale, U.S. tech stocks experienced a significant decline. Analysts stated that metal prices suddenly dropped under suspected algorithmic trading sell-offs, forcing some investors to exit positions in commodities, including gold and silver, to obtain liquidity</p>

- On Thursday, U.S. stocks fell significantly, leading traders to sell precious metals to cover losses, causing sharp declines in gold, silver, and copper prices.  
- Concerns about the feasibility of large AI investments coincided with the drop in tech stocks, prompting investors to liquidate positions in commodities for liquidity, with some funds moving to U.S. Treasury bonds for safety.  
- Analysts suggest that despite the sharp decline, driven partly by profit-taking following prior gains, factors supporting a recovery in gold prices remain, with projections for gold potentially reaching $6,000 to $6,300 per ounce by year-end.

Wallstreetcn

Gold and silver plummeted on Thursday, triggered by algorithmic trading sell-offs due to a sharp decline in U.S. stocks?

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