[MARKET UPDATE] Mild pressure in metal prices with spot silver down 1.7% and with spot gold down 0.4% amid the absence of Asia buyers due to the Lunar New Year holiday

Mild pressure in metal prices with spot silver down 1.7% and with spot gold down 0.4% amid the absence of Asia buyers due to the Lunar New Year holiday.

Metal prices are experiencing a slight decline, with silver dropping by 1.7% and gold by 0.4%, largely influenced by a lack of buying interest from Asia due to the Lunar New Year holiday. This absence of demand could indicate that trading volumes are lower, which may add to price volatility as we await the return of buyers post-holiday and any potential shifts in macroeconomic sentiment.