Although the recent price decline in both gold and silver seems to be slowing down, it is evident from today’s price action that the potential for more downside in both assets still exists.

As far as gold and silver go, typically they run in tandem, with both precious metals moving higher, or lower during a trading day.

Both gold and silver experienced a tremendous price decline in trading today. Gold futures basis the most active December contract lost $78.90, a total decline of 3.92%, and is currently fixed at $1934.20.