BREAKING: Silver falls below $75 per ounce, wiping out all of its 2026 gains. The white metal is now down more than 38% from its all-time high of $121 per ounce.$INIT $POWER $ORCA

Precious metals like Gold and Silver are under pressure as a result of these key catalysts:

1. Liquidity Vaccum (Chinese New Year): Key exchanges in China (Shanghai Gold and Futures Exchanges), Hong Kong, and Singapore are closed for the holidays (Feb 16–24). China is a massive driver of silver demand, especially for industrial use. With these markets offline, global liquidity has dried up, making prices much more sensitive to even small sell-offs.

2. Strong US jobs data: On February 11, the US Bureau of Labor Statistics released the January jobs report, which showed the US economy added 130,000 jobs—more than double the consensus estimate of roughly 55,000–70,000. When the labor market is this resilient, the Federal Reserve has no urgent reason to cut interest rates. Since silver pays no interest, investors would rather put their money into high-yielding US Treasury bonds when rates are expected to stay high.

3. Aggressive Profit-Taking: Silver saw a historic, speculative rally in January 2026, gaining over 150% in a very short window. Once the price hit record highs (briefly touching over $120/oz), large institutional traders began "booking profits." This initial drop triggered automated sell programs and margin calls for leveraged traders, forcing a wave of liquidations that accelerated the price crash from its peaks.