OREANDA-NEWS  The sharp decline in world silver prices, which soared above $82 per ounce and then collapsed, falling by 3.74 percent to $74.31 at the time of writing, is due to the fact that market participants are recording profits for the year. This opinion was expressed by Ricardo Evangelista, a representative of the ActivTrades broker, quoted by Reuters.

Also, according to the expert, the cautious optimism of the White House about the situation around the settlement of the Ukrainian conflict could have influenced the collapse of quotations.

Earlier, experts noted that the volatility of silver, which accompanies a sharp increase in its value in 2025, is often speculative.

Also on December 29, it became known that the Russian stock market reacted with an increase of more than two percent to the negotiations between US President Donald Trump and his Russian and Ukrainian counterparts.