# Silver Plunges 5% in Flash Crash

> Silver drops 5% to three-month low as speculative funds pull $2.2 billion in three weeks.
- Title: Silver Plunges 5% in Flash Crash · BigGo Finance | Shortify
- Summary: 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…
- Keywords: silver, gold, goldman sachs, federal reserve, comex silver, solar photovoltaics, artificial intelligence, us dollar index, galaxy futures, china foreign exchange investment resear, finance, markets
- Source: BigGo Finance — https://finance.biggo.com/news/04083a33-9e94-4c6d-a011-f7caab034893
- Author: BigGo Finance
- Published: 2026-10-22T14:55:16+00:00
- Read time: 1 min
- Topics: silver, gold, goldman sachs, federal reserve, comex silver, solar photovoltaics, artificial intelligence, us dollar index, galaxy futures, china foreign exchange investment resear, finance, markets
## 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.
## Key takeaway

Silver fell 5% intraday Thursday to three-month low as speculative funds sold $2.2 billion in three weeks.