Gold prices are supported by the central bank, silver prices can only look at industrial factors—can the $75-$78 range hold?

BlockBeats News, May 28 — The silver market is facing a dual test of weakening demand and price pressure, and multiple institutions say that the “aftereffects” of the 2025 price surge are beginning to show.



After silver prices briefly broke above $120 per ounce on January 28, they plunged nearly 30% in a single day. While there was a rebound afterward, the overall trend remained downward. After rising again to about $87 on May 14, prices were hit by further selling. Over the past two weeks, they have mostly traded in a tight range of $75 to $78. On Thursday, prices fell more than 3.5% intraday to about $71.98.



In a recent report, UBS said that the roughly 140% increase in 2025 has already significantly suppressed downstream industrial demand, warning that if prices remain at the current level, the downturn in demand could continue. The bank also believes that, unlike gold—which benefits from central bank gold purchases—silver lacks a strategy.