Silver Market Report: February 18, 2026
The silver market today is marked by notable volatility, with prices opening at $74.70 per ounce and closing slightly lower at $72.44. This reflects a continuation of the downward trend observed in recent days, with silver experiencing a daily high of $77.72 and a low of $72.44. The current market environment has seen a 2.03% decline from the previous day, reinforcing the ongoing pressure on silver prices.
Key Data Points
Silver’s recent price movement has been influenced by significant factors, including a stronger U.S. dollar and reduced liquidity due to the Lunar New Year holiday in major Asian markets. These elements have contributed to a sharp 6.25% drop in silver prices on February 17, as reported by USA Gold. Despite this decline, silver remains 124.67% higher than its value a year ago, following the all-time high of $121.64 per ounce reached in January.
Market Influences
The market is currently under pressure from several sources. The stronger U.S. dollar has diminished silver’s appeal as a non-yielding asset, while expectations of a delayed Federal Reserve rate cut are further dampening demand. The closure of the Shanghai Gold Exchange and Shanghai Futures Exchange for the Lunar New Year until February 23 has created a “liquidity vacuum,” impacting global silver demand and contributing to price volatility.
Nevertheless, structural support persists due to robust industrial demand. According to industry reports, the market is experiencing its sixth consecutive annual silver deficit, with industrial consumption, particularly from the solar and EV sectors, outpacing supply. The depletion of Shanghai Futures Exchange vaults underscores the tightness in physical supply.
Outlook and Analysis
Analysts suggest that if the U.S. dollar strengthens further and rate cuts are delayed, silver prices may break below the critical support level of $75 per ounce. Conversely, confirmation of rate cuts or a weaker dollar could prompt a rebound. The anticipated reopening of the Shanghai markets on February 24 is expected to reignite demand, potentially leading to a “violent snap-back” in prices as physical arbitrage opportunities and Eastern accumulation resume.
The gold/silver ratio, currently inferred to be approximately 67.2, reflects the relative pricing of these two metals, with gold trading at $4,867.10 per ounce. This ratio serves as a gauge of market sentiment and can indicate shifts in investor preference between the metals.
As always, investors should exercise caution, as past performance is not indicative of future results. The silver market’s inherent volatility requires careful consideration of market conditions and external factors influencing price movements.
While the current environment presents challenges, it also offers potential buying opportunities for those looking to enter the market. Analysts advise monitoring the Federal Reserve’s communications and the reopening of Asian markets closely for further cues on market direction.
Financial Disclaimer: This report does not constitute financial advice. Investors should conduct their own research and consider their risk tolerance before making investment decisions. Past performance does not guarantee future results.
Sources: Economic Times, Trading Economics, Sunday Guardian.
Silver Prices Under Pressure Amid Dollar Strength and Reduced Liquidity
Silver Market Report
Silver Market Report: February 18, 2026
Silver prices face volatility amid dollar strength and reduced liquidity. Market analysis and outlook for silver investors.
Silver prices opened at $74.70, closing at $72.44 today, amid dollar strength and reduced liquidity. Key market analysis inside.The information provided in this article is for general informational purposes only. While we strive to provide accurate and up-to-date information, MineListings.com makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of this information.
