From BigGo Finance · BigGo Finance · · 1m 40s
Silver Plunges 5% in Flash Crash
Silver drops 5% to three-month low as speculative funds pull $2.2 billion in three weeks.
In brief
Silver drops 5% to three-month low as speculative funds pull $2.2 billion in three weeks. Silver fell 5% intraday Thursday to three-month low as speculative funds sold $2.2 billion in three weeks. Originally reported by BigGo Finance.
Silver Plunges 5%
Spot silver fell as much as 5% intraday on Thursday while spot gold dropped below $4,050 per ounce.
Goldman Sachs Data
Managed funds net sold $565 million of silver in the week through October 13 following cumulative sales of $2.2 billion over three weeks.
CFTC Silver Positions
COMEX silver speculative net longs fell 54% in a month to 5,735 contracts.
Rate Expectations Shift
August core consumer price index rose 0.3% month-on-month boosting rate-hike expectations and strengthening the dollar.
Solar and Data-Center Stocks
Solar stocks fell 4.7% while data-center stocks dropped 7.9% due to AI financing concerns.
Yuan Zheng's Analysis
90% of gold's value comes from monetary attributes while 50% of silver's value is industrial demand.
Li Gang's View
Silver rose to $121 per ounce in January 2026 before declining 19% year-on-year in photovoltaic demand.
Supply-Demand Fundamentals
Global silver market expected to be in deficit of 46.3 million ounces in 2026 up 15% from 2025.
Photovoltaic Demand Decline
Photovoltaic silver demand fell 19% year-on-year to 151 million ounces, the largest single-year decline on record.
Data-Center Demand Growth
Data-center silver demand expected to exceed 42.3 million ounces by 2026, surpassing 10% of electronics demand by 2027.
Market Outlook
Silver in wide-range consolidation until clear Fed pivot to easing or AI demand fills photovoltaic gap.
The main idea
Silver fell 5% intraday Thursday to three-month low as speculative funds sold $2.2 billion in three weeks.
