Gold falls from price peak, interest in tokenized silver rises

On Monday, December 30, gold retreated from record highs, while silver also pulled back after its recent rally as investors took profits. Easing geopolitical tensions likely reduced demand for safe-haven assets.

Spot gold fell 1.7% to $4,455.34 per ounce after reaching a record high of $4,550 on Friday. U.S. gold futures for February delivery lost 1.2%, settling at $4,500.30 per ounce. Spot silver dropped 4.6% to $75.47 per ounce after briefly trading at $83.62.

Notably, interest in silver is shifting toward tokenized markets. Data from RWA.xyz show that the monthly transfer volume for the tokenized version of the iShares Silver Trust (SLV) increased more than twelvefold, alongside a 300% rise in the number of holders and a 40% increase in net asset value.

Tokenized silver allows investors, including non-U.S. citizens, to trade digital tokens representing SLV around the clock.

Since the beginning of the year, silver has gained 181%, outperforming gold, which rose 72% over the same period. Next year, traders expect further interest rate cuts in the United States, while analysts note that gold and silver remain sensitive to economic and political developments.

Some analysts noted that short-term volatility is driven by insufficient liquidity during the holiday period, while long-term forecasts remain positive.

See also: "China to restrict silver exports due to a shortage of the precious metal"

#Silver #Gold #Price drop

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