Experts Say Silver Prices May Have Peaked, Silver Decline Could Persist Until Q4

Odaily News On the 2nd, spot silver's intraday decline expanded to 12%, reaching $74.14 per ounce. New York silver futures fell over 5% intraday. Wu Jiang, a senior analyst at SDIC Futures, analyzed that the SDIC UBS Silver Futures (LOF) fund has triggered temporary trading halts multiple times in the past six months due to significant premiums in its secondary market price. From December 2025 to February 2026, the SDIC Silver LOF has accumulated over 25 trading suspensions, with January being particularly concentrated. On February 2nd, trading was again suspended until 10:30 AM due to premium risks. The direct cause of the suspensions is the severe deviation between the fund's secondary market price and its net asset value. Despite the fund company issuing more than 30 consecutive risk warnings and suspending subscriptions in an attempt to cool the market, speculative enthusiasm remains undiminished due to the volatile silver market. This high-premium trading reflects short-term speculation driven by expectations of silver futures price volatility. The trading halts are essentially risk protection measures implemented by the exchange and fund managers for investors. Looking ahead, the short-term oversold condition might attract some bargain-hunting buying. However, from a long-term trend perspective, current silver prices have preliminarily met some conditions for a peak. The ongoing price correction, or the downward trend, may persist until the fourth quarter of this year. (China News Service, CJN)