Why Is Silver Falling?

On Thursday, silver assets, including the iShares Silver Trust (AMEX: SLV), experienced a significant sell-off, with silver prices dropping nearly 10% to around $65 per ounce, the lowest since mid-December. This decline was influenced by a hawkish shift from global central banks, including the Federal Reserve and the European Central Bank, which maintained steady rates but expressed concerns over inflation risks. The drop in silver mirrored a nearly 4% decline in gold prices, attributed to profit-taking and a stronger dollar, as traders adjusted their positions amid geopolitical volatility and rising energy prices.