【德国】Silver Crashes Again: 16% Plunge Wipes Out Two-Day Recovery

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Editor’s Note

Silver prices experienced a dramatic sell-off on Thursday, plummeting over 16% and erasing recent gains. This sharp decline highlights the metal’s heightened volatility compared to gold, which remained relatively stable amid broader market weakness.

Silber crasht erneut: 16 %-Absturz vernichtet zweitägige Erholung
Silver Plunges Over 16%

The silver price crashed significantly on Thursday, completely erasing a two-day recovery. As reported by Bloomberg, the white metal is struggling to find a sustainable floor after a historic market crash. Gold also came under pressure amid the general market weakness but proved significantly more stable than silver.

The spot price for silver temporarily plunged by up to 16.6% to $73.50 on Thursday. Previously, the metal had briefly recovered above the $90 per ounce mark in early Asian trading. In parallel, the spot price for gold fell by up to 3.5% to $4,789 in an extremely volatile environment. Just the day before, it had risen above the $5,000 mark.

Silver Price Suffers Next Price Slump
“The sentiment appears to have soured across most asset classes – including regional equity markets and precious metals,” explained Christopher Wong, a strategist at Oversea-Chinese Banking Corp Ltd. This underscores the fragile market sentiment and, combined with low liquidity, has triggered a kind of feedback effect.

Last month, precious metals experienced a spectacular rally, driven by speculative momentum, geopolitical tensions, and concerns about the independence of the US Federal Reserve. However, this upward movement ended abruptly at the end of last week. Silver recorded its largest single-day loss in history on Friday, while gold had to endure its sharpest decline since 2013.

Monetary Policy Drives Volatility

The markets are currently assessing the monetary policy implications of the nomination of Kevin Warsh as a potential Fed chair. US President Donald Trump stated on Wednesday that he would not have nominated Warsh if he had advocated for interest rate hikes. In an interview with NBC News, Trump also said there was “not much doubt” that the Federal Reserve would cut interest rates again – fundamentally a positive environment for precious metals, as they do not yield interest.

Nevertheless, uncertainty is likely to persist.

“Price action is likely to remain volatile until there is more clarity on the monetary policy outlook,” wrote analysts at Standard Chartered Plc, including Sudakshina Unnikrishnan, in a note. Part of the short-term fluctuations is due to position unwinding in exchange-traded products (ETPs). However, they simultaneously emphasized that the structural drivers remain intact and a recovery to the upside is still expected.
“Traders will be watching the potential weekly low just above $71. More important, however, is the $70 level. Since December, the precious metal has not fallen into the $60 range – a return there would significantly heighten risk aversion across all asset classes.”
— Mark Cranfield, Markets Live Strategist at Bloomberg.

By late morning in Singapore, silver was down 12.7% at $76.9495 per ounce. Gold was 2.1% lower at $4,859.20 per ounce. Platinum and palladium also declined. The Bloomberg Dollar Spot Index, however, rose 0.1%, adding further pressure on commodities.

Silber und Gold brechen ein: Silberpreis stürzt 16% auf 73,5 Dollar
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⏰ Published on: February 05, 2026