On March 5th, according to Bitget data, spot silver experienced a short-term plunge, currently trading at $80.48 per ounce, a daily decrease of 2.81%. Spot gold is currently trading at $5132 per ounce, down slightly by 0.17% on the day.
Silver has retreated by about 18% from its high of $98/oz since the start of the US-Iran conflict, while gold has retreated by about 5.3% from its high of $5420/oz since the start of the US-Iran conflict.
According to PolyBeats , the probability of spot gold falling below $5,100 per ounce by the end of March has risen to 71%.

