Silver bars appear in an illustrative photo as silver prices move amid changing industrial demand and global market volatility in Brussels, Belgium, December 24, 2025.
Jonathan Raa | Nuphoto | Getty Images
Silver and gold fell in early trading Tuesday as investors waited for late economic data, with little geopolitical news during the holiday-shortened week.
Spotted silver was last seen down 2% to trade at around $74.85 an ounce, while silver futures fell 4% to trade at $74.7 an ounce.
Hécla Miningwhich owns one of the world’s largest silver mines, the Green Creek mine in Alaska, was down 3% before the market opened. In the meantime, Endeavor Silver lost 3.5%, First Majestic Silver was down almost 4%, Heart Mining lost almost 3.4%, Technical resources And Silvercorp Metals were down about 3% and Wheaton Precious Metals was down more than 2%.
Despite the resurgence of geopolitical tensions in the Middle East, Deutsche Bank analysts said in a note published Tuesday that silver was “trading $7 below its 1790 adjusted real price” after prices fell in the morning.
In the meantime, spot the gold was down more than 1% at $4,931 an ounce, and gold futures lost nearly 2% to trade at $4,952 an ounce.
Silver ETFs, including ProShares Ultra Silver, were down 7% premarket, while iShares Silver Trust and ABRDN physical silver fell just over 3%, according to FactSet data.
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Silver price.
Gold and silver prices fell in late January as investors reacted to the news of President Donald Trump’s nomination of Kevin Warsh to head the Federal Reserve, leading to a strengthening in the US dollar. Silver futures plunged 30% at the time, marking their worst day since March 1980.
However, the sell-off in precious metals was short-lived, with gold and silver rebound early February.
Elsewhere, global Australian mining company BHP sealed one money affair with Wheaton Precious Metals. The mining giant said the long-term silver flow agreement would see BHP receive an upfront payment of $4.3 billion in exchange for delivery of silver produced at its Antemina mine.