Silver prices witnessed a sharp sell-off in the latest trading session, with the front-month futures contract plunging nearly 6% amid heavy intraday volatility and broad-based commodity weakness.
The active silver contract fell 5.94% to $87.75 per ounce, after closing previously at $93.29. The decline accelerated during late-session trading, with prices breaking below the $90 mark and extending losses toward the $87–88 zone.
On a daily basis, silver was down 5.80%, marking one of its steepest single-session corrections in recent weeks. The metal has now slipped 24.17% over the past month, indicating sustained pressure after a strong multi-month rally. Despite the recent pullback, silver remains up 22.91% year-to-date and has delivered gains of over 110% in the past six months, reflecting the magnitude of the earlier surge.
Contract data showed trading volume at 64.43K, with open interest at 79.39K, suggesting active participation during the decline. The contract size stands at 5,000 ounces, with the current front-month identified as SIK2026.
The sharp correction comes after silver had posted significant long-term gains — up 175.88% over one year and 230% over five years — raising the possibility of profit-booking and position unwinding at elevated levels.
Market participants are now watching whether the $85–88 zone acts as immediate support or if further downside could unfold should selling pressure persist.
