🌍 📉 Global Silver Market Trend — 2 Feb 2026 Update 🪙

The silver market has witnessed major volatility in recent days.

At the start of 2026, silver surged sharply to record highs above $120 per ounce, but since then, a strong correction has followed. (The Economic Times)

📊 Current Market Situation:

As of February 2, 2026, silver prices are now 30–35% below their previous record highs, with reports pointing to correction and profit-taking as key reasons behind the decline. (Mint)

📉 Global Trading Impact:

International reports indicate that after reaching record levels, silver’s rapid fall triggered margin calls and forced liquidations, accelerating the downward pressure. (Coinpaper)

💵 Fed Policy & Global Factors:

Analysts note that potential Federal Reserve tightening, a stronger U.S. dollar, and weaker physical demand in China and other markets have added pressure to silver prices. (IG)

🏦 Banking & Political Influence:

The nomination of a new Fed Chair and mixed U.S. economic data have created uncertainty and increased volatility across precious metals markets. (Reuters)

💬 Conclusion:

Silver remains under pressure globally, but analysts believe that once monetary policy direction becomes clearer, stabilization may follow.

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