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Silver Prices Plunge 16% After Volatile Market Peaks

3/21/2026

34 6 Full Breakdown

Summary

Story summary

As of March 19, 2026, the spot price of silver is $67.10 per ounce, down 16.05% from the previous day.
This drop followed a volatile period, with silver peaking at $121.67 in January before crashing nearly 30% due to margin hikes by the CME Group.
Despite the downturn, silver prices have increased by 97.55% over the past year.

History

Historical Context

In January 1980, silver prices surged to $49.45 per ounce, largely due to the Hunt brothers' speculative trading, who controlled a significant portion of the market. Following margin hikes by the Commodity Exchange, prices plummeted by nearly 50% within weeks, illustrating the volatility of precious metals. Today's 16.05% drop in silver prices reflects similar market dynamics and regulatory impacts.

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Story summary

As of March 19, 2026, the spot price of silver is $67.10 per ounce, down 16.05% from the previous day.
This drop followed a volatile period, with silver peaking at $121.67 in January before crashing nearly 30% due to margin hikes by the CME Group.
Despite the downturn, silver prices have increased by 97.55% over the past year.

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