Silver prices experienced significant declines in just two sessions, resulting in one of the most severe price movements for the white metal, with a sharp decline that erased all the gains recorded since the beginning of 2026.
Silver hit a historic high of $121.71 per ounce (equivalent to SAR 14,673 per kilogram of silver) in the previous session (Thursday), but the price continued to fall sharply and today reached $71.15 per ounce (equivalent to SAR 8,578 per kilogram).
Silver therefore lost $50.56 per ounce in just two sessions, marking a massive 41.54% decline.
Calculations in Saudi riyals show that one kilogram of silver decreased by 6,095 riyals in two sessions, erasing all silver gains achieved since the beginning of 2026 amid wild volatility and intense selling operations in the precious metals market.
Silver prices have experienced significant declines in just two sessions, continuing a violent downward wave that erases all gains recorded since the beginning of 2026, making it one of the most severe price movements for the white metal.
Silver reached a historic high of $121.71 per ounce in the previous session (Thursday), equivalent to SAR 14,673 per kilogram of silver. However, the price continued to fall sharply and today reached $71.15 per ounce (equivalent to 8,578 riyals per kilogram).
Silver therefore lost $50.56 per ounce in just two sessions, marking a massive 41.54% decline.
A kilogram of silver has fallen by 6,095 riyals in two sessions, according to calculations in Saudi riyals, wiping out all gains made by silver since the beginning of 2026 amid wild volatility and heavy selling in the precious metals market.
