Spot silver falls 3.0% intraday to $56.21/oz

A 3% intraday drop at this price level matters less as a standalone move than as a signal about how thin conviction has become in silver after its run-up. The item gives no catalyst, which is itself telling: sharp pullbacks without an obvious driver often point to positioning unwinds rather than a change in fundamentals. Whether this is a one-day shakeout or the start of a deeper repricing is the open question, and the next session's follow-through — or lack of it — will say more than the headline number.