First of all, COMEX silver stocks hit a record high. From the analysis of market information, it may be that some holders sell hedging, and short positions have soared recently;

Secondly, the demand structure of silver is different from that of gold. At present, 70% is concentrated in industrial demand, and the demand in the field of electronic manufacturing exceeds 45%. The spread of the epidemic has cast a shadow over the demand for silver.

Finally, since the silver price fell below the five-year consolidation range last Friday, it has continued to run downward. The rise of the US dollar has brought great selling pressure to precious metals, and funds have been separated from safe-haven assets, mainly held in cash.