Silver Remains Volatile

2026-02-06 00:18 By Jam Kaimo Samonte 1 min. read

Silver slid as much as 9.6% to around $64.1 per ounce on Friday before recovering above $70 an ounce, amid widespread deleveraging and heightened volatility across financial markets.

The white metal is currently down over 40% from its Jan. 29 peak, wiping out all gains for the year and marking its steepest collapse since 1980.

Silver and other precious metals had surged to record highs in January, driven by heightened geopolitical risks, economic uncertainty, and concerns over the US Federal Reserve’s independence that fueled safe-haven demand.

Speculative buying, particularly from Chinese traders, added froth to the rally, leaving prices vulnerable to a sharp reversal as sentiment turned.

Pressure on precious metals increased further after a sharp rebound in the dollar following the nomination of Kevin Warsh as the next Fed chair, widely seen as the more hawkish choice.

Silver’s volatility outpaced other metals as heavy speculative flows overshadowed its supply-demand fundamentals.



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