đ Silver prices have surged sharply, reaching new records above ~$80â$110/oz early in 2026 â up roughly 50%+ YTD and dramatically higher than 2025 levels.
Strong moves seen globally and domestically, e.g., record highs in local markets.
Drivers
đ ď¸ Industrial demand + supply deficit: Demand from tech, EVs, solar and semiconductors continues to outpace mine supply, fuelling structural support.
đ Safeâhaven flows & investor interest: ETF inflows and retail/speculative buying have tightened physical markets and boosted prices.
đ Macro tailwinds: Expectations for Fed rate cuts and geopolitical uncertainty have buoyed nonâyielding assets like silver.
Risks & Caution
đ Volatility and corrections: Some analysts warn of overextension and possible pullbacks after steep rallies.
â ď¸ Speculative behavior: Part of recent surge may be driven by retail and memeâlike momentum rather than fundamentals.
Technical Snapshot
Bullish longâterm trend intact.
Key resistance breaks suggest continued upside, but shortâterm consolidation is possible.
Outlook Summary
Bullish bias long term: structural deficit and industrial demand still supportive.
Shortâterm risk: volatility and profitâtaking remain high.
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