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Precious metal markets saw a sharp correction on Friday, October 17, 2025, with both Gold and Silver prices falling significantly from the all-time record highs they had recently achieved.
This decline was primarily a profit-taking wave triggered by specific external market factors that temporarily eased geopolitical and economic anxieties.
Key Drivers for the Friday Price Decline
1. Profit-Taking and Correction from Record Highs
This was the most immediate technical driver. Both Gold and Silver had experienced a historic, parabolic rally over the preceding weeks, pushing them to unprecedented levels ($4,378.69/oz for Gold and $54.47/oz for Silver). After such a sustained, sharp ascent, a healthy technical correction and prof