Silver prices are once again in focus after a dramatic period of extreme ups and downs. On Tuesday, February 10, 2026, silver is trading near $81.50 per ounce. This marks a small decline of about 2 percent on the day, but it follows a powerful two-day rebound in which prices jumped 10 percent on Friday and another 7 percent on Monday. Even after recent turbulence, silver remains up roughly 15 percent so far this year.

Extreme Volatility Shakes the Market

The silver market has experienced unusually sharp price swings over the past few weeks. At the end of January, prices crashed more than 26 percent in a single day, followed by another steep drop of about 20 percent last week. Such moves are rare for precious metals and are more commonly seen in high-risk assets. Despite this chaos, silver has managed to stabilize and recover, surprising many traders who expected further weakness.

Signs of Stabilization and Renewed Confidence

Market analysts note that silver has found support in the $75 to $82 range. This stabilization suggests that panic selling may be over and that prices have returned closer to levels supported by industrial demand. Trading sentiment has shifted from fear to cautious optimism, with many participants now looking for buying opportunities during pullbacks. Some traders believe that if the U.S. dollar weakens, silver could attempt another move toward the low $90s in the near term.

Technical Levels Support Further Upside

From a technical point of view, silver has regained key levels that many traders watch closely. Prices have moved back above the 50-day moving average and cleared resistance near $81, which previously acted as a ceiling. This development opens the door for a test of higher resistance levels around $94, followed by the psychological $100 mark. Beyond that, the previous all-time high zone between $117 and $120 remains a long-term target.

Bold Long-Term Forecasts Draw Attention

Adding to market interest is an ambitious forecast from a major U.S. bank, which suggests silver could reach between $135 and $309 per ounce in 2026. This outlook is based on historical patterns showing that silver sometimes outperforms gold when the gold-to-silver ratio narrows sharply. While such projections are not guarantees, they highlight how bullish some long-term expectations have become.

What This Means for Investors

Silver’s recent recovery shows that strong underlying demand and investor interest remain intact despite sharp corrections. However, the metal continues to be highly volatile, and prices can move quickly in either direction. Understanding both the risks and the potential rewards is essential for anyone watching this market closely.

Disclaimer

This article is for informational purposes only and does not constitute financial or investment advice. Commodity prices are highly volatile and influenced by many factors. Readers should conduct their own research or consult a qualified financial professional before making any investment decisions.