Since the US-Iran conflict, silver has experienced a significant retracement of approximately 18% from its high, while gold has retraced about 5.3%.
BlockBeats News, March 5th, according to Bitget market data, spot silver experienced a short-term plunge, currently trading at $80.48 per ounce, with a intraday drop of 2.81%. Spot gold is currently trading at $1,532 per ounce, with a slight intraday decline of 0.17%.
Silver has retraced significantly by about 18% from its high of $98 per ounce since the US-Iran conflict, while gold has retraced by about 5.3% from its high of $1,542 per ounce since the US-Iran conflict.
According to monitoring, the probability of spot gold falling below $1,500 per ounce by the end of March has risen to 71%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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