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Silver prices plunge 50% from January peak but strong demand may push prices to $130 next year

Market News
06 Jul 2026
Market Watch
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Neutral
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Silver prices have fallen nearly 50% from their record high in January after a trading surge ended abruptly. Despite the price drop to about $60 an ounce, demand for silver remains robust due to its industrial uses in electronics, solar energy, defense, AI data centers, and electric vehicles. This strong demand could drive silver prices higher, potentially reaching $130 per ounce next year. The current price may not fully reflect silver's value given its expanding industrial importance.

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