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After an incredibly run that saw silver reach an all-time high of $54.47USD per ounce on October 17, 2025, the market has finally taken a breather. As of October 28, the price has cooled to around $46.05USD per oz, a healthy pullback of roughly 16.5%. For some, this sudden correction has sparked panic, with fears that silver’s time in the spotlight may have come and gone. But seasoned stackers know better. This is not the end of silver’s rallly, it is part of the natural rhythm of the market.
When any asset, particularly one as volatile as silver, surges to new highs, profit-taking is inevitable. The same traders who drove prices upward often lock in gains just as quickly, creating sharp but temporary drops. The recent correction was triggered by exactly that, easing market conditions, softenning demand from certain regions, and the unwinding of the intense squeeze in London that had fuelled much of silver’s explosive rise. A single-day drop of over 6% on October 17 highlighted just how fast emotions can swing in this market.
But let’s take a step back. The factors that pushed silver to new record highs earlier this month haven’t vanished. Safe-haven demand remains strong amidst ongoing geopolitical tension and economic uncertainty. Industrial demand, particularly from the renewable energy and electronics sectors, continues to grow. Meanwhile, the supply deficit in mined silver persists, with production struggling to keep pace with global consumption. In other words, the long-term fundamentals remain firmly in silver’s favour.

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What we’re seeing now is the market catching its breath after an extraordinary run. Healthy corrections like this one shake out weak hands and prepare the ground for the next leg up. Long-term investors and stackers see these moments as opportunities rather than warnings, a chance to accumulate more metal at more reasonable prices.
Silver’s story is far from over. Whether you’re stacking for wealth preservation, investment, or the sheer joy of collecting, short-term fluctuations shouldn’t shake your confidence. Markets may move in waves, but the tide of silver’s long-term value remains on the rise. The recent sell-off isn’t the end, it’s the reset before the next move higher, and those who hold firm may soon be rewarded for their patience.
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