Silver price tumbles again as CME margin hike and Fed chair pick spur liquidation fears
New York, February 2, 2026, 13:32 EST — Regular session Spot silver plunged again Monday, dropping 10.4% to $75.79 an ounce by 11:00 a.m. ET after earlier tumbling as much as 15%. The metal’s rapid selloff erased last week’s blistering rally. It’s now down about 37% from the record $121.64 peak hit just last week, following Friday’s steep 27% drop.