<div id="readability-page-1">Steep market reversal: Silver has dropped from $121.67 in January to $66 per ounce after demand slowed, costs rose, and inflation fears persisted. Legislation in motion: The SILVER Act proposes expanding eligibility for regulated precious metals storage beyond the New York area, aiming to improve market resilience. Resistance point ahead: $66.18 is seen as a major resistance for silver ETFs; rejection could extend the price’s current downtrend.</div>

SLVR

SIVR

PSLV

<p>Silver prices plummeted 46% to $66 per ounce, down from $121.67 in January, driven by slowing demand, rising costs, and persistent inflation fears. Concurrently, Congress is considering the SILVER Act, which aims to expand regulated precious metals storage eligibility beyond New York to enhance market resilience. Technically, $66.18 serves as a key resistance level for silver ETFs; failure to break above could prolong the current downtrend.</p>

WisdomTree Silver

iShares Silver Tr

Pro Ultrshrt Silver

Pro Ultr Silver

Abrdn Silver ETF Trust

Sprott PHYs Silver

Sprott Silver Mnrs & Physical Silver ETF

Silver falls 46% to $66 as Congress weighs SILVER Act