Peru's Energy Crisis Threatens Mineral Production, Impacting Global Silver Supply Dynamics

[SMM Precious Metals Market News] The current volatility of silver is more than five times that of the S&P 500 Index, reaching its highest level since 1980. A futures firm asset management manager noted that silver lacks the support of central bank purchases, has a smaller market size, and is more speculative, leading to exceptionally violent fluctuations during the deleveraging process. On the technical side, $83/oz serves as a key resistance level, while the $76–$78 range constitutes near-term support.