Why did silver price today drop so fast?

A COMEX margin hike raised collateral needs, forcing leveraged traders to sell. That selling hit futures first, then bled into ETFs and miners. Thin liquidity and stop orders amplified the move. Once positions reset, price action often calms, but near term volatility can stay high.

Is this like the silver crash 1980?

The speed feels similar, which is why people cite the silver crash 1980. The difference today is broader industrial demand and deeper ETF and futures markets. Those factors can soften lasting damage, but short term swings can still be sharp and emotional.

What is the UBS silver forecast now?

UBS keeps a bullish view with a $100 target by mid 2026. The thesis leans on tight supply, firm solar and electronics demand, and a potential shift in real yields. Silver price today can deviate for months, so staged entries and patience matter.

How should Swiss investors act after a COMEX margin hike?

Avoid leverage, use limit orders on SIX, and size positions modestly. Compare total costs, including VAT on physical and fees on ETPs. If silver price today stays volatile, consider buying in tranches and keeping cash as dry powder rather than chasing fast moves.

Global Market Insights

February 2: Silver Crash Deepens After Margin Hikes; UBS Stays Bullish

ByHuzaifa Zahoor February 2, 2026February 2, 2026

Silver price today is sliding again after exchange margin changes forced traders to close positions. Selling accelerated into the weekend, drawing comparisons with the silver crash 1980. Jefferies’ profit taking call midweek now looks timely, while UBS says the drop is overdone and keeps a $100 target by mid 2026. For Swiss investors who track USD quotes but think in CHF, sharp swings can open opportunities if risks and costs are managed well.