Silver Caps Largest 2-Month Drop Since 1980 at $73.354 with 2.8% Rally

Silver futures settled 1.6% lower at $73.354/oz on April 30, capping the largest two-month dollar decline since 1980 after a roughly 20% March plunge from $83.184. Following a January 29 all-time high of $121.785/oz and a 47.5% correction to $63.90 in February, silver recovered early March but slid over seven straight sessions to $70.902/oz by March 19 amid dollar strength, Fed pressures, and Iran war-driven oil spikes curbing industrial demand. The 2.8% intraday rally signals potential short-term support from improving industrial usage despite ongoing headwinds.