Experts expect silver prices to shift further in 2026 as demand and inflation further impact precious metal prices.

The price of silver surged more than 4% and crossed the $78-per-ounce mark for the first time as precious metal prices continue a record-breaking rally.

The price of silver has more than doubled in 2025 -- rising from about $30 a troy ounce to an all-time closing-day record of $77 on Dec. 26 and an all-time high above $80 in intraday trading. But Dec. 29 saw a sell-off of the white metal, with the price falling as much as 10% in Monday trading.

Silver prices have more than doubled in 2025, outpacing this year's surge in gold prices, as investors seek safe haven investments.

The price of silver fell Monday morning after hitting a record high amid a historic rally for precious metals this year, dropping more than 6% and retreating far from a high of more than $82 an ounce in early trading.

Several posts and market reports suggest that China and the UAE are aggressively upselling silver amid a supply shock, with retail prices reportedly ranging between $86 and $100 per ounce at local shops. Amid supply constraints and price jumps in physical silver, interest in on-chain tokenized silver is accelerating.

Sprott Active Gold & Silver Miners ETF looks speculative as gold/silver volatility rises. Expect a correction; hedge with physical gold. Click for more on GBUG.

Mundada pointed to expectations of further Federal Reserve interest rate cuts in 2026, geopolitical turmoil, and de-dollarization as central banks diversify reserves away from the U.S. dollar—"We are transitioning into a new, multipolar monetary era," Mundada wrote.

According to Statista, global silver supply stands at around 1 billion ounces. Analysts estimate that supply deficits of 115 million to 120 million ounces this year are straining global inventories, as mine production fails to meet consumption for a fifth consecutive year.

Vizsla Silver Corp. is upgraded to a bullish rating, driven by a robust feasibility study for its Panuco project and strong silver price tailwinds. Click here to read more.