Silver (XAG) experienced a sharp intraday decline on February 2, 2026. Spot silver prices on major exchanges fell approximately 11.3% to trade near $75 per ounce. This follows a broader pullback in precious metals, including COMEX futures, which saw declines of roughly 30% at peak volatility levels last Friday. Analysts attribute the movement to profit-taking,…
Silver prices have entered a consolidation phase after a volatile January 2026, climbing from below $40/oz on MCX to over $120/oz in Shanghai futures before a 26% one-day drop on January 31. Analysts attribute the swings to technical factors like leveraged futures and speculative activity, combined with macroeconomic pressures such as anticipated U.S. monetary tightening,…
Silver is moving through a rare phase where sharp swings define daily trading. The market has been experiencing an unusual liquidity inflow and outflow, and price action is tight. This environment reflects caution rather than weakness. Market structure, data, and liquidity signals are now tightly aligned. Analyst Rashad Hajiyev noted in a recent post on…