Gold and silver prices dipped Tuesday amid news of progress on Spain’s latest bank recapitalization efforts, while miners strongly followed the equity markets south.

Gold futures dipped 0.58% during Tuesday’s trading, with a final bid of $1,579.80 per ounce, according to CME Group data. Gold reached a high of $1,602 and a low of $1,573.

Silver futures finished the day down 2% with a final bid of $26.85. Tuesday’s high for silver prices reached $27.51, and the low was $26.75.

Gold bullion ended at $1,572 per ounce for Tuesday’s trading session in London, according to BullionVault.

Gold and silver trusts experienced moderate losses Tuesday.

• The SPDR Gold Trust (NYSE:GLD) ticked down about 1.2%.
• The iShares Gold Trust (NYSE:IAU) was about 1.3% lower.
• The iShares Silver Trust (NYSE:SLV) dipped about 1.7%.

Movement in gold and silver mining ETFs was strongly negative, especially among gold miners.

• The Market Vectors Gold Miners ETF (NYSE:GDX) fell around 3.1%.
• The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) sharply fell about 4%.
• The Global X Silver Miners ETF (NYSE:SIL) was about 1.7% lower.

Gold mining shares showed significant losses across the board Tuesday.

• Agnico-Eagle Mines (NYSE:AEM) dropped about 4.1%.
• Barrick Gold (NYSE:ABX) was down about 2.7%. 
• Eldorado Gold (NYSE:EGO) showed losses of around 5.5%.
• Goldcorp (NYSE:GG) was down 2.3%.
• Kinross Gold (NYSE:KGC) plummeted 4.8%.
• Newmont Mining (NYSE:NEM) showed losses of 2.7%.
• NovaGold Resources (AMEX:NG) was down 3.7%.
• Yamana Gold (NYSE:AUY) was about 2.3% lower.

Most silver mining shares also slid heavily Thursday.

• Coeur d’Alene Mines (NYSE:CDE) slid about 5.2%.
• Hecla Mining (NYSE:HL) dropped about 5.5%.
• Pan American Silver (NASDAQ:PAAS) showed sharp losses of around 3.5%.
• Silver Wheaton (NYSE:SLW) dipped around 4.4%.
• Silver Standard Resources (NASDAQ:SSRI) was down about 6.3%.

As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.