Silver Continues Sharp Retreat Following Historic Triple Digit Peak

Speculative Froth Clears

The violent 'gamma squeeze' that propelled silver to record levels has fully reversed. As technical support levels at $100 and $90 were broken, automated selling intensified the downward move, although physical premiums in some Asian hubs remain resilient.

Industrial Deficit Context

While the paper price has collapsed from its peak, the structural deficit in silver for 2026 remains a key fundamental driver. Renewable energy mandates continue to ensure a high baseload of demand, which analysts believe will prevent a return to pre-2025 pricing.