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Precious metals · Comment Analysis 11-03 Published

A sharp rally followed by a steep plunge, creating a roller-coaster ride! Precious metals experienced wild intraday volatility, with Shanghai Silver turning negative after surging over 3%.

On Tuesday, November 3, 2026, the domestic precious metals sector showed a mixed performance, with a significant increase in intraday volatility. Gold and silver experienced a rollercoaster trend of surging first and then pulling back, while platinum and palladium came under synchronized downward pressure. Closing data showed that the main Shanghai gold contract closed 0.31% higher at 841.8 yuan per gram. Shanghai silver once surged by more than 3% during the session, but erased all gains by the end of the day to close 0.84% lower at 11,655 yuan per kilogram.

✍️ CCMN yangxf Editorial Team
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Precious Metals
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