Why did the silver price fall while Swiss silver demand jumped?

Prices often overshoot when leveraged positions unwind, while retail buyers use dips to accumulate. In January, Swiss investors leaned into weakness, pushing sales up 374% year over year, with orders near 500%. Intermittent product shortages reflect retail bottlenecks, not necessarily a change in the global silver price outlook.

What does today’s move mean for SLV stock?

Volatility is high. SLV stock showed a sharp daily drop, with heavy volume and a wide intraday range. Technicals are strong yet stretched, suggesting a pause is possible. Use limit orders, watch mid-band supports, and align position sizes with your risk budget rather than trying to guess the exact silver price bottom.

Is there a real physical silver shortage in Switzerland?

Not broadly. Dealers reported intermittent product shortages as demand spiked, which points to fabrication and logistics strain. Mints and wholesalers need time to rebuild inventory. Premiums and delivery times can rise even as the silver price falls, so compare all-in costs before choosing coins, bars, or ETFs.

How should Swiss investors time entries if volatility stays high?

Use staged purchases at predefined levels tied to the silver price and your CHF plan. Favor limit orders over market orders, and keep allocations modest. Consider mixing liquid ETF exposure with selective physical buys. Review technicals weekly, adjust only at trigger levels, and avoid reacting to intraday noise.

Global Market Insights

SLV Stock Today: January 31 Swiss Buying Surge Despite Silver Rout

ByHuzaifa Zahoor February 1, 2026February 1, 2026

The silver price fell more than 10% on Friday, yet Swiss buyers stepped in hard. January sales at local dealers surged 374% year over year, orders neared 500%, and some items were intermittently unavailable. For Swiss investors, SLV offers liquid exposure that tracks bullion. Structural supply constraints may support prices, but IG warns of a possible pause. Below, we outline what the data means for positioning and risk in CHF portfolios today.