From its March 2 peak of $97.30 to a March 23 low of $61.21, Silver shed 37% in just three weeks, one of the sharpest short-term declines the metal has seen in years. Geopolitical headline whipsaw, surging energy prices, a Dollar clawing back toward 100, and a hawkish FOMC repricing that nobody saw coming all hit Silver at once. Post-dot-plot expectations for two rate cuts in September and December collapsed entirely, reversing to a 20% probability of a 25-basis-point hike and pushing 10-year Treasury yields up to 4.44%. Add in nine straight days of Gold ETF outflows and suppressed central bank demand, and the ... (full story)