Peter Smith
⬤ Silver got hit with a sudden late-session selloff, with SLV tracking a sharp drop as spot pricing tumbled fast. Market attention turned to headlines describing a Kremlin memo proposing broader U.S.–Russia economic cooperation, including a potential return to dollar settlement mechanisms in certain transactions.
⬤ The chart shows silver trading fairly steady near the 83–85 zone for most of the session before a sudden break drove prices down toward 76—roughly a 9.5% slide on the day. The session high near 84.97 and the low around 76.22 highlight how fast the repricing happened, pointing to a headline-driven jolt rather than a gradual shift. Similar moves appeared when Silver Drops From $83 Resistance as Sellers Take Over.
⬤ The memo touched on several areas where economic interests could align, including joint investment in energy projects and cooperation on critical raw materials like lithium, copper, nickel, and platinum, alongside possible dollar-based settlement. Currency settlement frameworks matter for precious metals because they reshape risk perception in real time. Related volatility showed up when Silver Holds Above $100 Despite Sharp 2% Intraday Drop.
⬤ The episode shows how silver can react fast when macro narratives intersect with currency and commodities. Rapid moves in XAG often spill into liquid proxies like SLV as traders reprice risk on the fly, especially when news hits during active trading. Broader precious-metal pressure tied to dollar dynamics also appeared in Gold (XAU) And Silver (XAG) Are Under Bearish Pressure and Continue Falling.
Peter Smith
