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Silver prices retreat as margin hikes cool speculative activity
Silver prices corrected sharply after margin hikes forced leveraged traders to unwind positions, shifting market behaviour toward hedging amid elevated volatility.
Silver prices cratered nearly 35% from record peaks of $121/oz (over ₹4 lakh/kg on MCX) in a historic late-January 2026 rout. The crash was ignited by CME margin hikes to 15%, forcing leveraged liquidations. A strengthening dollar and the hawkish nomination of Kevin Warsh as Fed Chair further dampened sentiment, shifting market activity from speculation to defensive hedging.