白银、黄金，垂直下跌！

Group 1 - On December 29, spot silver opened high but experienced a significant drop, falling nearly 5% after previously rising close to 6%. Spot gold also fell below the $4500 mark, with a decline of over 1% during the session. By the time of reporting, both gold and silver had seen their losses narrow [1] - The closing price for spot gold was reported at 4488.730, down 43.680 or 0.96% from the previous close of 4532.410. The highest price during the session was 4550.520, while the lowest was 4481.865 [2] - Spot silver closed at 75.647, down 3.682 or 4.64% from the previous close of 79.329, with a session high of 83.971 and a low of 75.636 [3] Group 2 - Domestic gold jewelry prices have also declined, with the price of Chow Sang Sang's gold jewelry quoted at 1406 yuan per gram, down 6 yuan from 1412 yuan per gram on December 27 [5] - Analysts have warned that precious metal prices are on the "edge of a cliff," with accumulating risks of a pullback. Market analyst Tony Sycamore from IG noted that the silver market is experiencing a "generational bubble." He attributed the rise in precious metal prices to market expectations of multiple interest rate cuts by the Federal Reserve in 2026, along with strong buying from central banks and private investors [10] - Capital Economics analysts predict that as enthusiasm for gold wanes, silver prices may drop to around $42 per ounce by the end of next year [10]