Silver Prices Tumble on Investment Bank's Downward Revision

Silver prices took a hit after an unnamed investment bank lowered its price target for the coming quarters, citing slower industrial demand and a stronger U.S. dollar.

The revision triggered a wave of selling in the futures market, pushing spot silver prices down by approximately 2.5% over two trading sessions.

The Silver Institute's latest report shows that the global silver market remains in a structural deficit for the third consecutive year, driven by strong industrial demand from sectors like solar energy and electronics.