By Alexander Miller, consultant in energy and commodities markets – Eurasia Business News, December 29, 2025. Article no 1959
Silver just experienced its biggest one-day percentage drop since 2021, with gold also declining as both metals pulled back from record or near-record highs.
What happened to silver
Silver futures fell roughly 8–9% on December 29, the steepest one-day decline since February 2021, after having traded above 80 dollars an ounce earlier in the session.
Prices slid into the low‑70s per ounce by late trading, with some intraday quotes around 71–73 dollars, crystallizing a sharp reversal from the recent historic rally.
What happened to gold
Gold futures also fell, dropping about 1.5–2% on the day to around 4,450–4,480 dollars per ounce after setting or approaching record highs near 4,550–4,585 dollars late last week.
The move left gold still close to its recent peak, but underscored that profit‑taking and reduced risk appetite were hitting the broader precious‑metals complex, not just silver.
Why both metals dropped
A key trigger was higher margin requirements on precious‑metals futures by the main U.S. derivatives exchange operator, which forced leveraged traders to cut positions and amplified selling pressure in silver in particular.
The declines also reflected traders locking in profits after a parabolic year‑end rally driven by safe‑haven demand, industrial use in green energy and technology, and expectations of tighter physical supply.
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© Copyright 2025 – Eurasia Business News. Article no. 1959
Eurasia Business News 