Silver price today: This warning is bigger than most think

Core Viewpoint - The recent decline in silver prices has been more pronounced than that of gold, indicating underlying factors affecting the precious metals market, particularly the industrial demand for silver [1][2]. Group 1: Price Movements - Silver fell to $66.93 per ounce on March 19, experiencing a $10.84 drop in a single session, following a 3% decline on March 18 [2]. - The gold-to-silver ratio has widened significantly, suggesting that silver is facing additional selling pressure beyond the general precious metals selloff [2]. Group 2: Market Dynamics - The Federal Reserve's decision to hold rates steady at 3.5% to 3.75% and signal only one rate cut for 2026 negatively impacts both gold and silver, with silver being affected more severely due to its industrial demand [4][5]. - Approximately 60% of silver demand is derived from industrial uses, which are sensitive to macroeconomic conditions; a hawkish environment leads to weakened industrial demand alongside investment demand [5]. Group 3: Speculative Positioning - The current selloff in silver is attributed to the unwinding of speculative positions built during a significant rally in 2025, rather than a fundamental change in its long-term outlook [6]. - Silver reached an all-time high of $121.60 per ounce on January 29, 2026, driven by safe-haven demand and speculative buying, with a remarkable increase of 135% throughout 2025 [7].