Structured analysis on supply chains, prices, policies and demand.

Silver plunges after Middle East ceasefire: fall from $117 high reveals truth about the most dangerous metal

After hitting an all-time high of $117.7 in January 2026, silver fell to $73-75 in early April due to the Middle East ceasefire, a decline of about 36%, far exceeding gold. As a metal with both safe-haven and industrial attributes, the easing of geopolitical tensions weakened its dual support, making it the most volatile instrument.