{"id":567992,"date":"2026-02-05T11:45:18","date_gmt":"2026-02-05T11:45:18","guid":{"rendered":"https:\/\/www.europesays.com\/us\/567992\/"},"modified":"2026-02-05T11:45:18","modified_gmt":"2026-02-05T11:45:18","slug":"silver-resumes-its-slide-plunging-11-after-short-lived-rebound","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/567992\/","title":{"rendered":"Silver resumes its slide, plunging 11%, after short-lived rebound"},"content":{"rendered":"

Silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, Jan. 10, 2025.<\/p>\n

Angelika Warmuth | Reuters<\/p>\n

Silver prices slid as much as 16% on Thursday, snapping a two-day rebound, as the white metal continues to reel from excessive volatility.<\/p>\n

Spot silver<\/a> prices were trading amost 11% lower at 6:38 a.m. ET, at around $78.38 per ounce, while futures<\/a> in New York were around 7% lower at $79 per ounce. Meanwhile, spot gold<\/a> declined around 1.7% to $4,878 per ounce, while futures<\/a> were down 0.8% at $4,909. <\/p>\n

Silver had been on a record-breaking spree before crashing almost 30% last Friday. In 2025, it gained about 146%, data from LSEG showed.<\/p>\n

Analysts point to speculative flows, leveraged positioning and options-driven trading, rather than physical demand, as key drivers of the recent price swings.<\/p>\n

“You’d seen a lot of speculator positions build up … I don’t think it’s been fully flushed out,” said Sunil Garg, managing director of Lighthouse Canton.<\/p>\n

While Garg says the fundamental case for silver demand still holds, he advises to wait a bit more for the speculative positions to get “wiped out” first. Silver has a wide range of industrial and technological uses, extending from solar power, catalysts and electronics, amongst others.<\/p>\n

“The margin requirements being raised by various metals exchanges around the world … that’s just something that’s going to kill off some of the speculation,” said Garg. The CME Group\u00a0has raised margin requirements<\/a>\u00a0following the steep sell-off last Friday.<\/p>\n

“As prices fell, dealer hedging flipped from buying into strength to selling into weakness, investor stop-outs were triggered, and losses cascaded through the system,” Goldman Sachs said in a note on Wednesday.\u00a0<\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

Silver prices in the past one year<\/p>\n

Silver’s correction has been larger than gold’s due to tighter liquidity conditions in the London market, which magnified price swings.<\/p>\n

Goldman added that the timing of the volatility suggested Western flows, rather than Chinese speculation, are behind much of the build-up and unwind, noting that most of the more violent moves occurred while Chinese futures markets were closed.<\/p>\n

The volatility in silver prices has drawn growing comparisons to meme stocks such as GameStop, the video-game retailer that became a global phenomenon in 2021 after retail traders on Reddit piled in en masse, sending its shares soaring far beyond what traditional valuation models could justify.<\/p>\n

Market watchers had warned that prices were detached from sustainable levels, turning the silver trade increasingly meme-like.<\/p>\n

The precious metals theme captured the public attention and led to “momentum trading that exceeded even the type of outsized moves that we have seen in a wide range of speculative assets,” said Steve Sosnick, chief strategist at Interactive Brokers.<\/p>\n","protected":false},"excerpt":{"rendered":"Silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich,…\n","protected":false},"author":3,"featured_media":567993,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[2],"tags":[133,81,92479,56750,7074,51,135,235841,405,50,11736,211423,52,7999],"class_list":["post-567992","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-breaking-news-markets","tag-business-news","tag-cme-group-inc","tag-gamestop-corp","tag-goldman-sachs-group-inc","tag-headlines","tag-markets","tag-metal-commodities","tag-new-york","tag-news","tag-reddit-inc","tag-silver-comex-sep25","tag-top-stories","tag-world-markets"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116017858149026014","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/567992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=567992"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/567992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/567993"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=567992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=567992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=567992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}