Silver prices experienced a significant drop on Wednesday, falling below $60 per ounce for the first time since December 2025. Trading data indicates a 3.36% decrease in July silver futures contracts on the New York COMEX exchange, reaching $59.985 per ounce as of 14:18 Moscow time. This decline represents a substantial downturn in the precious metal’s value. The cause of the price drop was not detailed in the provided text. The data originates from Hespress, a Moroccan online newspaper. This price point marks a key threshold not seen in over two years, signaling potential shifts in market sentiment towards silver. Further analysis would be needed to determine the factors driving this downward trend.