NEW YORK, January 1, 2026, 12:49 ET — Market closed

• Spot silver was $72.29 an ounce, down $4.35, or 6.02%, on the day. JM Bullion
• iShares Silver Trust (SLV) closed on Wednesday down 6.61% at $64.42, tracking the metal’s pullback. StockAnalysis
• Traders are parsing CME’s higher metals margin requirements and China’s new list of approved silver exporters. CME Group+1

Spot silver fell sharply on Thursday, with prices at $72.29 an ounce as of 12:41 p.m. ET, down 6.02% on the day, according to JM Bullion data. U.S. stock markets were shut for the New Year’s Day holiday. JM Bullion+1

The move matters because silver’s late-December surge pulled in leveraged money, leaving prices vulnerable to forced selling when exchanges lift collateral…