Data compiled by Woofun AI shows that silver (XAG) experienced a sustained downward trajectory, touching a 24-hour low of $63.27 before stabilizing at $63.39. This movement represents a 3.60% decline over the past day, reflecting broader adjustments in precious metal valuations.

Despite the price correction, trading activity remained robust. Open interest for Gate XAG contracts climbed to $78.9171 million, positioning the exchange as the second-largest globally by this metric. This surge in derivatives exposure indicates that market participants continue to maintain significant leverage and attention on silver assets, even amid bearish price action.