Summary

• Silver lost about 50% of its value in a flash crash during mid-February. It has stalled its correction since, but the price action is still far from bullish.
• Silver held relatively well, rebounding alongside other assets at the announcement of the ceasefire and reaching +35% at its highs.
• Now testing the low of its major $75 pivot point, there is an ongoing battle between short-term bulls and bears.

By Elior Manier

Precious metals have been the victim of a severe reality check since late January. Subjects of severe melt-ups since August 2025, following a slow but consistent grind higher from de-dollarization trends, the commodities got swept

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