Historic Volatility in Silver: Down Nearly 10% from the Peak
Historic Volatility in Silver: Down Nearly 10% from the Peak
Silver saw an exceptional bout of volatility in the final week of the year. In early trading with thin liquidity, spot silver pushed close to $84 and printed a new record, before retreating sharply as liquidity increased later in the session.
A fast pullback from record levels
After reaching $83.97 per ounce, silver slid by nearly 10% from its intraday peak once market depth improved.
Following the pullback, spot silver was quoted at $75.99 as of 11:30.
What supported silver’s 2025 rally?
Silver posted a powerful run in 2025, rising by roughly 160%. Supply concerns, steady industrial demand, and the U.S. recently adding silver to a critical materials list were among the key supportive factors.
Profit-taking meets easing geopolitical tension
KCM Trade Chief Market Analyst Tim Waterer said the latest dip reflected a combination of profit-taking and market relief tied to constructive-looking discussions around a potential peace deal between Trump and Zelenskyy.
U.S. President Donald Trump also said on Sunday that they were close to an agreement with Ukraine’s President Zelenskyy aimed at ending the war.
Other metals also retreated
As expectations grew that geopolitical stress could ease, gold, platinum, and palladium also came under selling pressure at the start of the week.
