Silver Halts Recovery

2026-02-24 15:14 By Felipe Alarcon 1 min. read

Silver prices dropped nearly 1% to $87.5 per ounce on Tuesday as a massive liquidation event in China overshadowed a broader flight to safety.

Despite persistent safe-haven demand from the new 15% US global tariff and upcoming nuclear talks with Iran, silver remains under pressure following a record 38% intraday plunge last week that shattered the speculative mania of early February.

This correction is being amplified by solar manufacturers who are aggressively substituting silver with copper to offset rising costs as the metal continues its sixth consecutive year of structural supply deficits.

While industrial users in the AI and electric vehicle sectors maintain a steady floor for demand, a striking 10% price premium in Chinese domestic markets suggests localized supply tightness that has yet to stabilize international rates.

Investors are now watching the $85 support level closely while waiting to see if a weaker US dollar can spark a recovery amid the ongoing trade policy chaos.



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