Silver took a meaningful hit, dropping nearly 3% to $65.98 per ounce.
A correction in context
Silver reached nominal all-time highs above $100 per ounce earlier in 2026. Recent trading has seen spot prices fluctuating between roughly $67 and $71 per ounce, making this $65.98 print a notable breach below that range.
This isn’t the first sharp pullback in recent memory. In late 2025, silver futures experienced an even more dramatic one-day drop of approximately 8.7% after CME raised its margin requirements. That move effectively forced leveraged traders to either post more collateral or close their positions, triggering a cascading sell-off.
What’s driving the volatility
