Silver collapses as much as 39% intraday and gold falls 14% on January 30

Silver fell from its prior-morning record of $121.78 to an afternoon low near $75 on January 30, 2026, and was near $85 when the article was written, down about 30%. Gold dropped 14% to an intraday low of $4,700, and the dollar index rose from a low of 95.55 to 97.15. Analysts tied the selloff to the same-day Fed chair nomination and to margin pressure, though the causes were not settled.

• Silver down as much as 39% intraday to about $75
• Silver near $85 at writing, down about 30% from the high
• Gold down 14% to an intraday low of $4,700
• Dollar index up to 97.15 from a 95.55 low