Precious Metals Futures Plunge Amid Market Turmoil
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: stocktwits
- Silver Price Crash: March 2026 silver futures plummeted 19% to $91.88 per ounce, reflecting a strong sell-off in the precious metals market that could further erode investor confidence.
- Gold Futures Decline: February 2026 gold futures fell 6.6% to $4,970 per ounce, indicating a weakening appeal of gold as a safe-haven asset amid market turmoil, which may impact future investment decisions.
- Dollar Index Rises: The dollar index (DXY) climbed 0.9% to 97, driven by reports of Trump potentially nominating Kevin Warsh as the next Fed chair, altering market expectations for future monetary policy and possibly putting additional pressure on precious metal prices.
- ETF Performance Declines: The iShares Silver Trust (SLV) slid to its lowest since January 16, with year-to-date gains shrinking from 56% to 22%, while the SPDR Gold Shares ETF's gains fell to 12.6%, indicating a diminishing investor confidence in precious metals.
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Analyst Views on PAAS
Wall Street analysts forecast PAAS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAAS is 49.70 USD with a low forecast of 43.19 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 63.290
Low
43.19
Averages
49.70
High
55.00
Current: 63.290
Low
43.19
Averages
49.70
High
55.00
About PAAS
Pan American Silver Corp. is a producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. It owns a 100% interest in the Escobal mine in Guatemala, and it holds interests in exploration and development projects. Its segments include Silver, Gold and Other. Silver segment includes operations of La Colorada, Huaron, San Vicente, Cerro Moro, La Colorada Skarn, Navidad and Escobal. Gold segment includes operations in Dolores, Shahuindo, Timmins, Jacobina, El Penon and Minera Florida. La Colorada mine produces silver-rich lead and zinc concentrates from a flotation plant treating sulfide ore. Huaron mine produces silver-rich zinc, lead and copper concentrates using floatation technology. It owns 44% joint venture interest in the Juanicipio silver mine in Zacatecas, Mexico, operated by Fresnillo plc, along with 100% ownership of the Larder exploration project and a 100% earn-in interest in the Deer Trail exploration project.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Precious Metals Futures Plunge Amid Market Turmoil
- Silver Price Crash: March 2026 silver futures plummeted 19% to $91.88 per ounce, reflecting a strong sell-off in the precious metals market that could further erode investor confidence.
- Gold Futures Decline: February 2026 gold futures fell 6.6% to $4,970 per ounce, indicating a weakening appeal of gold as a safe-haven asset amid market turmoil, which may impact future investment decisions.
- Dollar Index Rises: The dollar index (DXY) climbed 0.9% to 97, driven by reports of Trump potentially nominating Kevin Warsh as the next Fed chair, altering market expectations for future monetary policy and possibly putting additional pressure on precious metal prices.
- ETF Performance Declines: The iShares Silver Trust (SLV) slid to its lowest since January 16, with year-to-date gains shrinking from 56% to 22%, while the SPDR Gold Shares ETF's gains fell to 12.6%, indicating a diminishing investor confidence in precious metals.
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U.S. Dollar Strengthens as Silver Prices Plummet
- Dollar Index Rises: The U.S. dollar index (DXY) increased by 0.5% to 96.6 following reports of Trump's intention to nominate Kevin Warsh as the next Fed chair, indicating a shift in market expectations regarding monetary policy that could impact investor confidence and capital flows.
- Silver Prices Plummet: Spot silver prices fell nearly 18%, dropping below $100 per ounce for the first time since January 23, reflecting intense selling pressure in the precious metals market, which may lead to significant declines in related mining stocks.
- Gold Prices Retreat: Spot gold prices fell below $5,000 per ounce, down nearly 7%, while February 2026 futures dropped 5.5% to $5,030.6, indicating a weakening demand for gold as a safe haven, which could affect the performance of gold-related assets.
- ETFs Crash: The iShares Silver Trust (SLV) declined to about $91 in pre-market trading, potentially reducing its year-to-date gains from 56% to nearly 35%, reflecting a pessimistic sentiment towards silver mining stocks and prompting investors to reassess their precious metals investment strategies.
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