iShares Silver ETF Plunges 35% – What Gold Traders Should Watch Next

The iShares Silver Trust (SLV) has tumbled roughly 35% from its 2025 peak, mirroring a broader retreat in precious metals that has also pulled gold lower. The selloff has erased a significant portion of the gains accumulated earlier this year, raising questions about the sustainability of the bull run in metals.

For gold traders, the sharp decline in silver is a notable signal. Silver often amplifies gold's moves due to its higher volatility and dual role as both a monetary metal and an industrial commodity. The 35% plunge suggests that speculative froth in the precious metals complex has been unwinding rapidly. Live gold prices on NowPrice show that bullion has also corrected, though by a smaller magnitude, as the market reprices expectations for interest rates and inflation. The selloff may be driven by a stronger US dollar, rising real yields, or shifting risk appetite—all factors that directly impact gold's appeal as a safe haven.

Looking ahead, traders should watch for key support levels in gold and silver, as well as upcoming economic data that could influence the Federal Reserve's policy path. A break below critical thresholds could trigger further liquidation, while a stabilization in silver might signal that the worst of the correction is over. Central bank buying trends and ETF flows will also provide clues about institutional demand. The current environment offers both risks and potential entry points for those with a longer-term horizon.