Silver's recent pullback from all-time highs reflects the classic risk-off behavior we've been watching across commodities. As traders locked in profits from the rally, the broader sentiment shifted—especially with policy uncertainty hanging over the market.

The key driver? Uncertainty around trade tariffs on critical minerals. When those headlines broke, it sent shockwaves through risk assets. Precious metals and commodities are always sensitive to policy moves, and right now traders are playing defense.

What's interesting for crypto observers: this kind of macro volatility often ripples through digital assets too. When traditional hedges like silver cool off, investors recalibrate their entire portfolio risk posture. Keep an eye on how these commodity moves correlate with Bitcoin and broader market sentiment over the next few trading sessions.