Silver Plunges 26.48% as XYZ:SILVER Liquidations Hit $150M in 24 Hours

Spot silver fell as much as 35% intraday on Jan. 30 before closing 26.48% lower at $85.3, marking its steepest one-day decline on record, Bitget data show. Coinglass reported $1.382B in crypto liquidations over the past 24 hours, with XYZ:SILVER—primarily traded on Hyperliquid—contributing $150M and XAG positions losing $36.69M, making silver the third-largest liquidated asset behind Ether and Bitcoin. Silver has been available on crypto trading venues for less than a month.