Spot silver falls nearly 9%

Spot silver declined sharply on Friday, falling 8.9% to $64.88 per ounce as of 0009 GMT. The price slipped below the $65-a-ounce level. This move followed a record high of $121.64 per ounce reached last week. The decline represents a significant reduction in value in a short period. Investors had pushed silver prices to historic levels recently. However, the market corrected quickly afterward. Silver’s fall comes amid ongoing volatility in commodity markets. Traders and analysts watch for further developments closely. The sharp drop highlights fluctuating investor sentiment toward precious metals. Silver remains a key benchmark for safe-haven assets. Despite the drop, it continues to attract attention for its industrial and investment uses.