economy
February 6, 2026
Silver's volatility has exceeded 100%. Where exactly is the bottom?
Silver's dizzying plunge last week and erratic trading this week have left investors wondering: Where and when is the bottom?
TL;DR
- Silver has experienced extreme volatility, with near-term volatility exceeding 100%.
- There have been 11 moves of 5% or more in silver prices this year.
- Major banks see short-term risks but maintain a positive long-term outlook based on fundamentals.
- UBS suggests strategies positioning for silver to stay above $65 an ounce are more appealing in the near term.
- Analysts note silver's behavior is amplified by speculative flows and retail access, likening it to a meme stock.
- Long-term price targets for silver range up to $134 per ounce by March 2027.
- Silver is used in various industrial and technological applications.
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