New York futures tumbled 7.00% in the day to $47.79 an ounce.
Spot silver rose by $0.2 in the short term, expanding the intraday gain to 1%, and is now trading at $47.79 an ounce.
According to L2BEAT data, Base TVL has reached $14.77 billion, down 2.05% on the 7th.
The initial value of the UK manufacturing PMI in July was 48.2, compared with the previous value of 47.7.
The world's largest gold ETF - SPDR Gold Trust holdings decreased by 11.47 tons from the previous day, and the current holdings are 947.70 tons.