Silver Falls Below 200-Day Moving Average, Down Over 45% from Year's High
Claire Weston
Silver fell through its 200-day moving average on Tuesday to $67.130 per ounce — the first breach of that long-term support since mid-April — and now sits roughly 45.5% below its January record of $121.785, with all four major moving averages aligned bearish.
What happened on the day?
Silver hit $67.130 per ounce intraday Tuesday, down 3.5%, breaking below the 200-day moving average — a line that averages the past 200 closing prices to gauge the long-term trend.
This is the first breach since mid-April 2025. This means → the market's confidence in silver's longer-term trajectory has cracked visibly.
If silver closes near this level, it will mark the lowest close since December 18 last year.
How far has silver fallen from the top?
On January 29, silver touched a record $121.785 per ounce.
Since then the price has ground steadily lower, shedding roughly 45.5% and erasing a large share of the prior rally's gains.
In plain terms = if you bought $10,000 of silver at the January peak, you'd have about $5,450 left today — nearly cut in half.
What is the technical picture signaling?
Silver now trades below all four key moving averages — the 20-day, 50-day, 100-day, and 200-day — which are stacked in bearish alignment (each shorter-term average sitting below the longer-term one, like descending steps).
This means → the trend across short, medium, and long time frames all points down; sellers are firmly in control.
This reflects one of the steepest declines of the year, and the market is now watching whether silver can find a floor at current levels.
Content is for reference only, not financial advice.