Silver fell more than 7% on Thursday, retreating from an all-time high above $93/oz, as broad tariff threats receded. However, prices have since recovered much of the earlier decline, signalling that traders are repricing the market’s structural drivers. The recent recovery underscores silver's well-known volatility, which is typically higher than gold due to its smaller market size and dual role as both industrial and investment metal. The decision reduced part of the near-term policy risk premium that had propelled silver to record levels. Despite the correction, silver prices remain more than 25% higher ... (full story)