Silver Hammered to $72 – Bull Run Intact
Silver Hammered to $72 as Cartel Exploits Chinese New Year Liquidity Vacuum
Silver was aggressively sold down to $72/oz today, with the cartel taking full advantage of sharply reduced liquidity as major Asian markets, including the Shanghai Gold and Futures Exchanges, remained closed for Lunar New Year.
Verified: Spot silver traded in the $72–74 range (lows near $72.30–$72.44), down 4–6.25% on the day per Trading Economics, JM Bullion, USAGold, and Fortune data. Shanghai closures (Feb 16–24, 2026) removed key Asian demand and arbitrage support, directly contributing to the Western-market selloff, confirmed by Mint, BullionVault, and Livemint reports.
CME Silver CVOL Explodes 60% Overnight, Pricing in Massive Imminent Move
The silver options market is now expecting wild, massive price swings in the coming month, with the CME CVOL index surging 60% overnight to rare elevated levels—now 10 points higher than during the recent $120/oz spike.
Verified: SilverTrade’s Feb 17 analysis and CME Group data confirm CVOL rising sharply to ~74 (from typical teens–40s range), an extreme reading signaling high uncertainty or significant event risk ahead of March COMEX deliveries and other catalysts.
Silver Bull Structure Remains Intact Despite Sharp Pullback – Fear Is Constructive
Today’s heavy selloff has triggered widespread “it’s over” panic in comments sections, but silver’s daily chart shows the primary uptrend fully intact above the 200-day moving average and long-term trendline established since early 2025; parabolic moves rarely consolidate politely, and current skepticism is building a base for the next leg higher.
Verified: Silver corrected from January 2026 all-time high of ~$121.64 but holds well above the 200-day MA with higher highs/higher lows intact per TradingView/technical commentary; analysts across FXEmpire, Investing.com, and market sentiment indicators describe the move as a healthy reset after overbought conditions, with the “wall of worry” typical of ongoing bull markets.