The silver market just experienced one of its wildest rides in decades. After rallying from about $30 per ounce at the start of 2025 to over $100 per ounce in early 2026, silver prices plunged to under $80 per ounce in a matter of days, wiping out most of the year's gains and triggering subsequent volatility. The dramatic price swings reflect silver's dual nature as both a precious metal and an industrial commodity, which makes it particularly sensitive to shifts in policy, currency fluctuations and manufacturing demand.

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