Silver price breaks key area as gold declines, Peter Spina notes

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Silver slides below $83 support area

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Olga Shendetskaya

15.05.2026

Silver price breaks key area as gold declines, Peter Spina notes — Silver slides below $83 support area

Peter Spina, CEO at GoldSeek.com, reports that silver prices have fallen below the $83 per ounce support zone after being rejected at technical resistance.

According to Spina, the price drop coincides with overnight declines in gold and a sharp rise in bond yields. He raises the possibility that this move could lead to a larger market downturn if the decline is not quickly reversed.

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Spina previously noted that silver was approaching the $80 per ounce level, reflecting renewed momentum in the precious metals market at the time (link). His recent updates mark a shift as prices move below key support. Separately, Spina reported on Trump Media’s $405 million loss on $900,000 revenue for 2026 Q1 (link).

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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