Silver Plunges Over 8% Amid Violent Volatility in Metals Markets

Global metals markets faced a sharp downturn, with silver plunging by more than 8% during Wednesday trading amid unusually violent volatility.

Spot silver prices fell to around $71.5 per ounce, pressured by widespread market uncertainty, while gold showed mixed performance between futures and spot markets.

Precious Metals Performance

Gold futures declined by 0.65% to $4,358 per ounce, while spot gold edged up slightly to $4,346 per ounce.

Platinum and palladium also extended losses, each dropping by more than 7%.

Volatility Drivers

Precious metals had enjoyed an exceptional year driven by geopolitical tensions, inflation hedging, and a weaker U.S.

dollar.

However, recent swings reflect profit-taking and concerns over supply constraints.

Analysts note that silver's extensive use in electronics, solar panels, data centers, and electric vehicles makes it particularly sensitive to supply chain developments.