- The price jump is part of a broader rally, with silver trading at $88.10 per ounce on February 3, 2026, marking a $6.43 increase from the previous day.
- Silver's ascent reflects tight supplies and robust demand from both industrial users and investors, particularly in green technologies.
- The metal had a stellar 2025, outperforming gold with an annual gain of 150%, but experienced a significant sell-off before this recent rebound.
- Analysts at UBS forecast that spot silver could return to the $100 threshold by the following month before settling back to the $85 level by the end of 2026.
- The high price complicates the market, as over 50% of silver demand is industrial, potentially leading end-users to optimize usage and seek lower input costs over time.
Spot silver price surges past $83 per ounce amid strong industrial and investor demand
Feb 9, 2026, 4:23:51 PM UTC(1 day ago)
Impact: High
Affected Assets
Sources
From:@DeItaone
SPOT SILVER JUMPS 6.7%, TOPS $83/OZ
