Silver fell 1.90% to $53.96, its lowest level since early March, after a sharp sell‑off that left the metal down $1.05 on the day. Gold slipped 0.72% to $3,995.63, dropping $28.92, while WTI crude rose 3.99% to $103.44, and Brent gained 0.18% to $116.93. Copper edged up 1.56% to $6.50, and aluminium climbed 1.26% to $3,047.30. Natural gas, however, fell 6.08% to $2.63.
UBS analysts note that silver’s recent decline may be temporary if supply constraints tighten and demand from industrial users, particularly in electronics and renewable energy, picks up. They caution that inflationary pressures and the ongoing volatility in energy markets could keep the metal under pressure for the near term.
"Silver’s price action reflects a broader market sell‑off rather than a fundamental shift in supply and demand," said UBS strategist Marco Rossi. "If the macro environment stabilises and industrial demand resumes, we could see a rebound, but investors should remain cautious until we see clear signs of sustained demand growth."
