Silver rate today, Jan. 31 -- Precious metals witnessed one of the sharpest corrections in decades on Friday, January 30, 2026, as aggressive profit-booking followed the explosive rally to record highs earlier this month. The gold price in the international market fell by over 11%, while the COMEX silver price crashed by over 31%. After a sharp correction on Friday, the silver rate today is 35% below its record high of $121.755/oz. However, experts predict more corrections as the precious white metal seems to have topped out, and big institutions may continue booking their profits in the near term.

Asked about the reason that triggered the sharp sell-off in silver prices, Ponmudi R, CEO at Enrich Money, said, "The primary trigger was the...