Precious metals prices face a day of significant corrections in international markets. Spot silver has experienced a daily decline of 1%, trading around $77.64 per ounce. But the value of an ounce of silver also reflects the broader volatility affecting the precious metals sector as a whole.

Meanwhile, spot gold has retreated by approximately $20, hovering around $4,991.15 per ounce. Both corrections reveal a market reaction to the ongoing global macroeconomic uncertainty in recent days.

According to NS3 analysis, these short-term movements are symptomatic of the characteristic volatility of precious metals markets during periods of economic instability. Investors and traders are closely monitoring these fluctuations, considering that commodity prices like silver and gold tend to respond quickly to changes in the economic outlook and global monetary policy expectations.