Silver: XAG Plunges Amid Broad Liquidation Wave.

Silver plunged nearly 10% to below $76 per ounce, extending a sharp reversal as broad-based liquidation across financial markets forced investors to sell precious metals to raise cash. The decline accelerated even as US Treasury yields retreated to multi-month lows, signaling that the move was driven less by rate repricing and more by liquidity stress and rapid position unwinding following an extended rally. The selloff mirrored heavy losses in gold and copper, highlighting cross-commodity pressure. Although markets continue to expect softer CPI data and still price in two Federal Reserve rate cuts later this year, immediate flows were dominated by deleveraging. Silver’s dual role as both a monetary and industrial metal may have amplified volatility amid global growth concerns. Despite the rout, easing yields and longer-term hedging demand tied to fiscal uncertainty remain structural supports once forced selling subsides.