Since the US-Iran conflict, silver has retraced significantly by about 18%, while gold has retraced by about 5.3%.

BlockBeats News, March 5th, according to Bitget market data, spot silver experienced a short-term plunge, now at $80.48 per ounce, with a 2.81% intraday decline. Spot gold is currently at $5132 per ounce, with a slight intraday decrease of 0.17%.

Silver has retraced significantly by about 18% from its high of $98 per ounce since the US-Iran conflict, while gold has retraced approximately 5.3% from its high of $5420 per ounce since the US-Iran conflict.

According to PolyBeats monitoring, the probability of spot gold falling below $5100 per ounce by the end of March has risen to 71%.