The post $76 After $2T Wipeout, Banks See $150 Back appeared on BitcoinEthereumNews.com. Silver is trading near $76.16 per ounce, down 12.4% over the past 24 hoursThe post $76 After $2T Wipeout, Banks See $150 Back appeared on BitcoinEthereumNews.com. Silver is trading near $76.16 per ounce, down 12.4% over the past 24 hours

$76 After $2T Wipeout, Banks See $150 Back

3 min read

Silver is trading near $76.16 per ounce, down 12.4% over the past 24 hours, as of writing. The metal extended loses during the February 4 session, briefly worsening about 12% to $76 per ounce. 

The move marks a notable recovery after a sharp commodities selloff in recent sessions. Market participants now assess whether the rebound signals renewed momentum or a pause after extreme volatility.

Margin Hikes Sparked the Commodity Drop

The recent decline across precious metals followed CME Group’s decision to raise margin requirements after intense price swings. CME increased margins for Comex gold futures to 8% from 6%, effective after the close on Monday, February 2, 2026. 

Silver margins jumped to 15% from 11%, while heightened-risk products faced even steeper increases. Gold HRP margins rose to 8.8%, and silver HRP margins climbed to 16.5%. CME also adjusted margin levels for platinum and palladium.

Why CME Acted So Quickly

CME implemented the changes after what it described as a violent market reversal. Gold had suffered its largest one-day decline since 1983 following a record-setting rally. The selloff followed a sudden reassessment of Federal Reserve leadership and a broader correction after an extraordinary run-up in prices. 

Margin hikes forced leveraged traders to post more collateral, accelerating liquidations across metals markets. As selling pressure eased, prices began to stabilize.

Asian Demand Drives Silver Higher

Silver rebounded faster than gold as physical demand resurfaced, particularly in Asia. Spot silver reduced as much as 12% during early February 4 trading, driven by tight supplies and strong buying interest in China. 

Reports pointed to significant premiums in local markets and challenges sourcing newly minted silver products. These supply constraints helped fuel the rapid price recovery and reinforced silver’s sensitivity to shifts in physical demand.

Volatility Remains the Defining Theme

The rebound unfolded against a backdrop of extreme volatility. Precious metals have experienced wide intraday swings as traders adjusted positions following margin changes. Silver’s sharp gains highlighted its ability to move aggressively in both directions within short timeframes. 

The recent rally demonstrated how quickly sentiment can flip once forced selling subsides. Can such momentum hold in a market still digesting heavy leverage? That question remains central.

Geopolitical and macroeconomic risks have remained elevated over the past six months, supporting both gold and silver prices. These conditions pushed metals to new highs earlier this year before triggering the recent correction. 

Even after near-term pullbacks, analysts continue to point to uneven global growth, inflation uncertainty, and financial market stress as ongoing drivers for precious metals demand.

Banks See Further Upside in 2026

Despite recent crashes, major institutions maintain bullish projections for silver. Citigroup has forecast that silver could reach $150 per ounce within three months of early 2026, describing the metal as leveraged exposure to gold amid structural supply deficits. 

Lotus Asset Management’s Hao Hong has also projected silver at $150 by the end of 2026. Forecast models from CoinCodex extend even further, projecting silver at $342.24 by end-2026 and $489.20 by 2030, based on long-term trend analysis.

Source: https://coinpaper.com/14303/silver-price-forecast-76-after-2-t-wipeout-banks-see-150-back

Market Opportunity
4 Logo
4 Price(4)
$0.01122
$0.01122$0.01122
-0.88%
USD
4 (4) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Why Multicoin Capital’s Kyle Samani Is Leaving Crypto for AI and Robotics

Why Multicoin Capital’s Kyle Samani Is Leaving Crypto for AI and Robotics

TLDR Kyle Samani is stepping down as managing partner of Multicoin Capital after nearly a decade in the crypto industry He plans to explore other technologies including
Share
Coincentral2026/02/05 15:58
Bitcoin Bulls Need to Reclaim This Key Level for a New Run at $125K

Bitcoin Bulls Need to Reclaim This Key Level for a New Run at $125K

The post Bitcoin Bulls Need to Reclaim This Key Level for a New Run at $125K appeared on BitcoinEthereumNews.com. Key points: Bitcoin bulls are busy flipping key levels back to support; can they crack $118,000 next? New all-time highs are on the horizon if the Fed reaction uptrend continues. Exchange traders are already bringing in large lines of liquidity on either side of price. Bitcoin (BTC) sought to flip $117,000 to support on Thursday as the Federal Reserve interest-rate cut boosted crypto markets. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Watch these Bitcoin price levels next, say traders Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining up to 1.3% after the daily close. Volatility hit as the US Federal Reserve announced its first rate cut of 2025, coming in at 0.25% to match market expectations. After a brief dip below $115,000, Bitcoin rebounded, liquidating both long and short positions to the tune of over $100 million over 24 hours. $BTC update: FOMC Price Action nailed 🔨 Boring Monday and Tuesday; Wednesday volatile with the classic retrace of an initial false move. $105M liquidated in 30mins during FOMC, that’s what it’s important to be aware of this. Absolutely love this market. Probably $120k next. https://t.co/azE7Fg6J10 pic.twitter.com/x3EPCmIlOx — CrypNuevo 🔨 (@CrypNuevo) September 17, 2025 Among traders, hopes were high that bulls would cement support and continue on to challenge all-time highs. “The more important part; will $BTC break through this crucial resistance zone?” crypto trader, analyst and entrepreneur Michaël van de Poppe queried in a post on X. An accompanying chart showed the bulls’ next battle at $118,000.  “All I’m sure about is that, once Bitcoin stabilizes, we’ll start to see big breakouts on Altcoins occur,” he added. BTC/USDT one-day chart with RSI, volume data. Source: Michaël van de Poppe/X Popular trader Daan Crypto Trades agreed on the significance of the $118,000 mark. During dovish comments by Fed Chair Jerome Powell…
Share
BitcoinEthereumNews2025/09/19 10:20
SUI Price Rebounds Above $1 as HashKey Enables Trading Support

SUI Price Rebounds Above $1 as HashKey Enables Trading Support

The post SUI Price Rebounds Above $1 as HashKey Enables Trading Support appeared on BitcoinEthereumNews.com. SUI price gives a major breakdown from the support
Share
BitcoinEthereumNews2026/02/05 16:32