Silver prices witnessed a sharp and sudden collapse on Wednesday, plunging nearly 15% from intraday highs as heavy selling pressure hit global markets. The steep fall marks one of the sharpest single-day declines in silver prices in recent years, triggering heightened volatility across bullion markets.
At the time of writing, silver was trading near $109 per ounce, sharply lower from the day’s high of around $121.65 per ounce. The metal touched an intraday low of $106.83 per ounce, reflecting intense selling throughout the session. On a percentage basis, prices were down close to 15% from the day’s peak, erasing a significant portion of recent gains.
Market data showed that silver had already been under pressure during the session before the sell-off accelerated, leading to a near-vertical drop on price charts. The sharp fall came after silver had surged to record levels earlier this week, driven by strong investor demand and tight supply conditions.
The day’s trading range remained extremely wide, underlining the scale of volatility, with prices swinging by nearly $15 per ounce within a single session. Such sharp moves are rare for silver and highlight the fragile sentiment currently prevailing in precious metal markets.
Globally, silver prices have risen sharply over recent months, supported by investment inflows and broader strength in precious metals. However, Wednesday’s decline underscores how quickly prices can reverse amid crowded trades and sudden shifts in market positioning.
