Silver suddenly loses support! This morning, spot silver plummeted over 6% in a straight line, nearly wiping out recent gains. The culprit is Trump's sudden "pause" on key mineral tariffs—although not completely canceled, market panic was instantly alleviated, and investors immediately chose to sell off to cut losses.

What’s more concerning are the technical signals behind the scenes. The gold-silver ratio actually broke below the psychological threshold of 50 for the first time since 2012! Historical experience tells us that such extreme ratios often indicate a major upheaval in the precious metals sector.

Market reactions were very direct. Major exchanges quickly activated risk control mechanisms, with margin requirements adjusting in real time as silver prices moved. Those heavily leveraged long positions suddenly faced doubled pressure, leading to a wave of forced liquidations, which further intensified the decline. Industry insiders warn that this surge in silver prices has been too fierce, and there’s concern whether industrial demand can truly absorb it.

However, from a medium- to long-term perspective, the fundamentals for silver demand in sectors like photovoltaic, AI chips, and new energy are still intact, and the upward logic for silver prices isn’t finished yet. But the current volatility will definitely increase, so traders need to hold tight.