Spot Price Jumps, Yearly Gain Stays Extreme
Silver extended its rebound on Tuesday, March 10, 2026, trading at $88.38 per ounce at 8:30 a.m. ET. That is a $4.42 gain versus the prior day’s level and a move that keeps the metal up more than $56 compared with a year earlier, based on the pricing snapshot provided.
| Silver price per ounce | Level | % Change |
|---|---|---|
| Price of silver today (8:30 a.m. ET) | $88.38 | — |
| Price of silver yesterday | $83.96 | +5.26% |
| Price of silver 1 month ago | $77.94 | +13.39% |
| Price of silver 1 year ago | $32.10 | +175.32% |
What Traders Are Watching After a Violent 2026 Swing
Market focus remains on whether the latest move is a continuation of a powerful 2026 trend or a short-term squeeze that fades once positioning normalizes. The price path has already been unusually sharp this year: the metal previously hit a reported intraday peak of $121.62 in January before a steep pullback that took it toward the $70 area.
The latest climb puts silver back near a psychologically important zone around $90, which is being treated by many market participants as a near-term test of risk appetite in precious metals.
Technical Setup Centers on a $70 to $94 Range
Based on the technical framing in the provided material, silver has traded in a broad consolidation since early February. The lower boundary is described near $70, while the upper band is clustered around $90 to $94. Within that range, $80 is highlighted as a key support level, linked to prior highs and trend measures such as the 50-day moving average.
In practice, that leaves the market with a simple map: sustained trading above $90 would be interpreted as a momentum re-acceleration, while repeated failures near that zone would keep the market in a range-trading posture.
Forecasts for 2026 Span a Wide Range
Price expectations for the rest of 2026 remain unusually dispersed in the commentary referenced. The figures cited range from JP Morgan’s $81 average to a $309 bull-case attributed to Bank of America. Such a wide spread reflects how much the outlook depends on assumptions about physical availability, investor demand, and whether tight supply conditions are strong enough to override paper-market dynamics.
