Silver miners took a hit in premarket trading as the metal dropped 2%. On December 24, 2025, in Brussels, Belgium, silver prices were in flux due to shifting industrial demand and global market volatility. Silver bars, a symbol of this volatility, were front and center. Jonathan Raa | Nurphoto | Getty Images. Silver and gold prices took a tumble in early premarket trading on Tuesday, with investors cautiously awaiting delayed economic data and a lack of significant geopolitical news during the holiday-shortened week. Spot silver was down 2%, trading at around $74.85 per ounce, while silver futures fell 4% to $74.70 per ounce. Hecla Mining, owner of Alaska's Green Creek Mine, one of the world's largest silver mines, saw a 3% decline before the market opened. Endeavour Silver, First Majestic Silver, Coeur Mining, Teck Resources, Silvercorp Metals, and Wheaton Precious Metals all suffered similar losses. Despite geopolitical tensions in the Middle East, Deutsche Bank analysts noted that silver was trading $7 below its real adjusted price from 1790, following morning price drops. Spot gold was down over 1%, trading at $4,931 per ounce, while gold futures lost nearly 2% to $4,952 per ounce. Silver ETFs, including ProShares Ultra Silver, took a 7% hit in premarket, while iShares Silver Trust and ABRDN physical silver fell just over 3%. Silver prices have a history of dramatic swings. In late January, investors reacted to President Donald Trump's nomination of Kevin Warsh to lead the Federal Reserve, resulting in a stronger U.S. dollar. Silver futures plunged 30%, their worst day since March 1980. However, this sell-off was short-lived, with gold and silver rebounding in early February, as analysts noted that thematic drivers remained intact. Australian mining company BHP sealed a silver deal with Wheaton Precious Metals, agreeing to an upfront payment of $4.3 billion in exchange for silver from its Antemina mine.
