Silver recently crossed $100 an ounce for the first time ever, riding a historic rally that's left investors wondering if the party can possibly continue. The answer from one of Wall Street's sharpest minds is blunt: it can't.

Friday’s selloff in precious metals is severe and may extend further given the magnitude of the recent advance.

Silver’s blistering rally came to an abrupt halt on Friday as XAG/USD prices collapsed by almost 30 per cent, briefly plunging from Thursday’s record high above $120 to near $83. The white metal had surged nearly 65 per cent this month and close to 300 per cent over the past year, leaving it especially exposed once sentiment turned.

Silver surged 3.8% to $79.09 after holding $72, fueled by safe-haven demand, Fed rate cut hopes, & strong industrial demand. Is $100 next?

Silver's surge crushed gold's gains in 2025, returning 145% compared to gold's 64% rise. In the first weeks of 2026, it's continued this momentum, returning as much as 25% in two weeks while gold rose 6%. Yet there are three reasons to expect silver to continue outpacing gold for the rest of 2026 and perhaps beyond.

UBS shares the bullish narrative but warns that the rally above $100 looks “overheating” and that high prices could curb industrial demand; its strategists recently lifted their long‑term fair‑value estimate to $85/oz and near‑term target to $105/oz, but emphasised that any move above $100 is vulnerable to violent corrections.

SAMCO Securities forecasts silver prices could surge to Rs 3.94 lakh per kg after a 25% rise in 2026, citing technical breakouts, supportive inflation data, easing rate hopes and tight global supply amid a broader commodity supercycle momentum continues strong.

We stand on the brink of a seismic shift—a once-in-a-lifetime supercycle—where renewable energy technologies, electric

On Friday, the COMEX gold price finished over 11% lower at $4,763.10/oz, while the COMEX silver rate ended over 31% southward at $78.832/oz

Gold and silver prices plunged on Friday, following weeks of gains as investors poured money into safe havens.