Precious metals experienced unprecedented volatility in late January 2026, culminating in a historic sell-off on January 30. Gold plunged nearly 10% to around $4,500 per ounce, its worst day since 2013, while silver cratered over 30%—the steepest drop since 1980—falling to about $75-81 per ounce. However, by February 3, a robust rebound appears to be emerging. Spot gold climbed 5-6% to approximately $4,900-4,950 per ounce, silver surged 8-13% to $86-89