Perth, 22 October 2025 — Precious metals are attempting to find a floor after Tuesday’s sharp correction. Gold fell more than 5% from Monday’s record highs (near US$4,380/oz), closing around US$4,125/oz, while silver dropped about 8% to roughly US$48.5/oz. Early Wednesday trade has been choppy as prices consolidate in the wake of the move.
Analysts point to profit-taking after an overbought run, a firmer US dollar, and a modest improvement in risk appetite as key drivers of the pullback. Even so, gold remains significantly higher year-to-date in 2025, with silver also markedly stronger on the year.
What this means for WA miners and contractors
