Silver futures are up by more than 7% on Tuesday following an extremely volatile session on Monday. The precious metal surged to a record high above $80 before reversing sharply and ending the day down 8.7%, marking its worst daily loss since February 2021. From peak to trough, silver recorded a 15% drop.
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KKM Financial CEO and CIO Jeff Kilburg attributed the move to both profit-taking and tax-loss harvesting ahead of the new year. “We haven’t seen a move like this in a long time,” he told CNBC.
Will Silver Trade Higher in 2026?
Kilburg expects silver to continue climbing in 2026, possibly to as high as $90 or even $100. Goldman Sachs has a similar view and expects the metal to average a price between $85 and $100 next year.
Silver futures are up by over 150% year-to-date and have more than doubled the return on gold futures at 64%. Several factors have driven the rally, including strong industrial demand, mining disruptions, and reports that China would restrict silver exports beginning in 2026.
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