Silver Retreats from Recent Highs, Records 9% Decline to $105.37/oz

Silver markets witnessed a dramatic correction as spot prices fell over 9% to $105.37 per ounce. The decline comes after weeks of heightened volatility, with investors reassessing positions following silver’s recent surge to record highs. Analysts attribute the drop to profit-booking, stronger dollar trends, and geopolitical risk factors.

Key Highlights:

• Price Movement: Spot silver fell 9% to $105.37/oz.
• Market Context: The correction follows a rally that pushed silver near historic highs.
• Investor Behavior: Profit-taking and risk aversion contributed to the sharp decline.
• Global Factors: A stronger U.S. dollar and geopolitical tensions weighed on sentiment.
• Outlook: Analysts expect continued volatility, with silver’s role as a safe-haven asset tested against broader market dynamics.

The sharp fall underscores silver’s sensitivity to global economic shifts and investor sentiment. While long-term fundamentals remain supportive, short-term volatility is likely to persist, keeping traders and investors cautious.

Sources: Trading Economics, Reuters