Silver’s Sharp Decline: Understanding the Move Beyond the Headlines
Silver has experienced a rapid drawdown over the past two trading sessions, with prices falling roughly 23% and a large notional value erased across futures and derivatives markets. While the magnitude of the move is unusual, it becomes clearer when viewed through a macro and positioning lens rather than emotion or comparisons.
First, silver is not purely a “safe-haven” asset. A significant portion of its demand is industrial, making it sensitive to growth expectations, manufacturing cycles, and liquidity conditions. When mark