Since the start of the year, silver has recorded 11 moves of 5% or more in either direction.
Over the past six trading sessions, silver has experienced more than $110 per ounce in cumulative two-way price movement.
With spot prices around $77, traders have effectively seen the market trade through more than one and a half times silver’s full value in under a week.
A key question now is whether silver’s recent plunge from ~$115 reflects a broader risk off move rather than a collapse in fundamentals.
UBS believes longer term fundamentals remain intact. However, UBS strategists also noted that silver could struggle to remain above $85 an ounce in the near term, given how elevated volatility has become.
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Trading involves risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and does not constitute financial advice. Always conduct thorough research and seek professional advice before making any investment decisions.
