Silver is trading around $95–$105 per ounce in the spot market as of late January 2026 — recently breaking above the $100 level for the first time. This is a historic high, driven by strong investor demand and tight physical supply.

*Many institutional forecasts see silver ranging mostly between ~$70 and ~$120 per ounce in 2026, depending on economic conditions, industrial demand, and interest rate expectations. 

*A moderate view sees silver climbing toward roughly $80–$90 in 2026 if demand remains strong and supply stays tight.

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