Why did silver crash in 2026? The data in under a minute

What this video covers

Silver set a record of $121.60 on January 29, 2026, then lost 26% in one session and slid to $57.0 on October's monthly average. This short explainer draws the World Bank silver series and the FRED 10-year real yield to show the two stages of the crash.

Sources and the longer explanation: Why Did Silver Prices Crash in 2026?.

Numbers shown on screen

• -26%: January 30, 2026: close vs. open
• $92.1 Jan
• $57.0 Oct
• 1.72%
• 2.95%
• 57% of silver demand is industrial

How the visuals were made

In 0:55 the video moves through 6 scenes, including an animated line chart, “Silver, $ per ounce, monthly average”, drawn from World Bank monthly silver from 2024-01; an animated line chart, “10-year real (TIPS) yield, %”, drawn from FRED series DFII10 from 2025-06; a ring chart showing 57%. All graphics were rendered frame by frame by UXS; no stock footage, logos or faces are used.

Chapters

• 0:00 Silver, 2026: $121.60 in January. Below $50 by October
• 0:11 January 30, 2026: close vs. open
• 0:18 Silver, $ per ounce, monthly average
• 0:29 10-year real (TIPS) yield, %
• 0:39 of silver demand is industrial
• 0:48 Risk note

Transcript

Silver hit a record $121.60 an ounce on January 29, 2026. By late October it was under $50.

The next day it closed down 26%, at $85, as leveraged positions were forced out by margin calls.

Then a slow grind: monthly averages fell from $92.1 in January to $57.0 in October, down 38%.

Meanwhile the 10-year real yield rose from 1.72% to 2.95%. Silver pays no interest, so holding it got costlier.

Silver fell harder than gold. About 57% of its demand is industrial, and solar demand is forecast to drop 19% this year.

A forecast supply deficit is not a price floor. Educational only, not financial advice.