Spot gold falls ~2.6% as risk‑on returns; silver tumbles sharply

- Precious metals sold off as risk‑on hesitation returned: spot gold fell about 2.6% while silver dropped roughly 4% in recent trading. (x.com) - The silver‑to‑gold ratio sits near 61.46 on this move, a level traders flagged as implying potential silver upside longer term. (x.com) - Traders attributed the unwind to options and arbitrage flows, with CME open interest and EFPs showing reduced positioning. (x.com)