Silver is correcting hard after the January record. Spot and CFD benchmarks were around $66.5/oz on June 11-12, and Rzzro's price feed put COMEX silver at $66.04/oz.
The selloff does not erase the industrial demand story. Silver is used across solar panels, electronics, EVs, semiconductors, data-center hardware, and medical technologies, with industrial use now above half of global demand.
The near-term problem is positioning. After a parabolic move, traders are reducing exposure and forcing the market to reprice risk even as physical demand remains firm.
For buyers, the gap between price action and fundamentals is the opportunity. Silver can stay volatile, but persistent deficits and industrial demand make deep corrections worth monitoring.
Do not treat the selloff as a demand collapse. Use staged hedges in the $60-$70/oz band and watch inventory data for confirmation of physical tightness.