Silver Price Plunges 35% as Supply Squeeze Tightens

Silver's recent price recovery to $58.49 per ounce masks a 35% crash in January and a deepening supply squeeze, according to data from Ad Hoc News.

The metal's value was wiped out by more than a third in a single day on January 30, after the CME raised margin requirements on silver futures.

Since then, the gold-silver ratio has surged from around 43.5 to roughly 69 today, reflecting silver's far heavier losses relative to gold.

Despite this, market observers see silver trading in a broad range of $40 to $70 per ounce in the medium term, with an average near $56.