#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 plummeted on February 5, 2026, falling as much as 14-17% to trade near $74–$77 per ounce. This sharp decline erased a two-day recovery and followed a highly volatile January that saw silver reach an all-time high of $121.65. The sell-off was triggered by a stronger U.S. dollar, rising margin requirements on major exchanges, and easing geopolitical tensions between the U.S. and Iran.
Silver Insights
-Monetary Policy & Dollar Strength: The nomination of Kevin Warsh as Federal Reserve Chair has fueled expectations for a more hawkish (tighter) monetary policy, driving the U.S. dollar to a two-week high and pressuring non-yielding assets like silver.
-Forced Liquidations: Massive hikes in margin requirements by the CME Group and other global exchanges forced leveraged traders to liquidate positions, accelerating the downward momentum.
-Industrial Demand Resilience: While speculative heat is exiting the market, analysts note that structural demand from the AI, solar, and nuclear sectors remains a long-term bullish pillar.
-Geopolitical Easing: Reports of scheduled talks between the U.S. and Iran, alongside positive communication between the U.S. and China, have reduced the "safe-haven" premium that recently bolstered prices.
