Experts say silver prices may have peaked, and the decline in silver may continue until the fourth quarter

According to Odaily, on the 2nd, spot silver's intraday decline widened to 12%, quoted at $74.14 per ounce. New York silver futures fell more than 5% intraday. Wu Jiang, Senior Analyst at SDIC Futures, analyzed that SDIC UBS Silver Futures (LOF) has triggered the temporary suspension mechanism multiple times in the past six months due to significant premiums in secondary market prices. From December 2025 to February 2026, SDIC Silver LOF has been suspended more than 25 times in total, with a particularly high frequency in January. On February 2, it was again suspended until 10:30 due to premium risk. The direct reason for the suspension is the severe deviation between the fund's secondary market price and its net asset value. Due to the volatility of the silver market, even though the fund company has issued more than 30 risk warnings and suspended subscriptions in an attempt to cool down the market, speculative enthusiasm remains high. Behind such high-premium trading lies short-term speculation driven by expectations of silver futures price fluctuations, and the essence of the suspension is a risk protection measure by the exchange and fund managers for investors. Looking ahead, after a short-term oversold situation, some bottom-fishing funds may enter the market. However, from a long-term perspective, the current silver price has already shown some signs of peaking. The ongoing correction or downward trend in prices may continue until the fourth quarter of this year.