Investors in silver are facing a sharp pullback, a stark contrast to the metal’s impressive performance throughout last year. The precious metal has tumbled decisively below the $76 mark, retreating significantly from its recent peak. This abrupt decline is primarily attributed to profit-taking and a specific, temporary market mechanism now in effect.
A Sudden Downturn in Trading
The spot price for silver currently stands at $75.88, a notable drop from yesterday’s closing level of $79.34. This move has widened the gap from the 52-week high of $81.66, which was recorded just at the end of December 2025.
Two key technical factors are driving the selling pressure. Firstly, the ongoing rebalancing of the Bloomberg Commodity Index, which occurs between January 9 and 15, is compelling passive index funds to adjust their holdings. This process temporarily increases the supply of metal futures on the market. Secondly, a strengthening US Dollar is applying additional downward pressure by making dollar-denominated assets like silver more expensive for international buyers.
Long-Term Outlook Remains Constructive
Despite the current price weakness, the fundamental picture continues to support a positive long-term view among analysts. Market experts at HSBC have responded to the underlying supply conditions by significantly raising their average price forecast for 2026 to $68.25, up substantially from a previous estimate of $44.50.
Should investors sell immediately? Or is it worth buying Silber Preis?
The physical market remains tight. While HSBC projects the global silver deficit will shrink to approximately 140 million ounces, the structural supply situation is expected to stay constrained. This ongoing scarcity is further signaled by the persistence of backwardation in futures markets, indicating immediate delivery material is in short supply.
Geopolitical and Macroeconomic Supports
Beyond technical charts, broader factors continue to provide a floor for prices. Persistent geopolitical tensions, including US intervention in Venezuela and trade disputes fueled by new sanctions legislation, sustain demand for traditional safe-haven assets. Furthermore, market participants are anticipating potential interest rate cuts by the US Federal Reserve later this year, which would enhance the appeal of non-yielding assets like precious metals.
For now, however, the technical correction dominates the short-term narrative. Traders are watching the key support zone around $75.50. A hold above this level could allow the market to stabilize. A breach below it, however, may shift focus toward further downside risks until the index rebalancing period concludes.
Ad
Silber Preis Stock: Buy or Sell?! New Silber Preis Analysis from January 9 delivers the answer:
The latest Silber Preis figures speak for themselves: Urgent action needed for Silber Preis investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from January 9.
Silber Preis: Buy or sell? Read more here...