Silver Sheds 50% in Historic ‘February Massacre’ After Fed Chair Nomination Sparks Dollar Rally

2026-02-06 - 09:45

Silver suffered its most violent correction in 46 years overnight, plummeting a staggering 50% from its January 29 peak of $122 to crash as low as $63 per ounce before staging a partial recovery to $72 on Thursday morning—a drawdown matching Bitcoin’s multi-month decline compressed into just days. The “February Massacre,” as traders have dubbed