#Silver Price News & Insights Today 5-2-2026 - Technical analysis of Silver, key support and resistance zones. Video by MCO Global Equities & Commodities.
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Silver prices are experiencing extreme volatility today, February 5, 2026, falling sharply during the Asian trading session to approximately $77.03 per ounce, a decline of about 12.63% from the previous day. This follows a temporary rebound to over $91 on Wednesday. The market remains in a state of flux after a historic "blow-off top" in late January, where prices hit an all-time high of $121.64 before a massive sell-off triggered by a surging U.S. Dollar and shifting Federal Reserve expectations.
Silver Insights
-Flash Crash in Asia: Spot silver plummeted as much as 16.7% to roughly $73.55 in early Thursday trade, largely driven by a sell-off in Shanghai futures that spilled into global markets.
-The "Warsh" Effect: Markets are reacting to President Trump's nomination of Kevin Warsh as the next Federal Reserve Chair. His perceived hawkish stance has boosted the U.S. Dollar to near four-year highs, making dollar-denominated silver more expensive for international buyers.
-Structural Supply Crisis: Despite the recent crash, silver remains roughly 139% higher than it was one year ago. A persistent five-year supply deficit and new Chinese export controls implemented in January 2026 continue to provide a long-term bullish floor.
-New Industrial Demand: The "AI boom" is absorbing millions of ounces of silver for high-performance data center servers, while a global nuclear power revival is creating fresh demand for silver-based control rods.
