I just looked at the silver charts again and have to say: Things have gotten wild. At the beginning of 2026, the price shot up to $121.62, then crashed over 30% within 30 hours. I’ve never experienced anything like that.

What interests me: The silver forecast for 2025 was actually bullish — the price increased by 147%. Many analysts expected new all-time highs, and indeed: in January 2026, things got crazy. But then this plunge. The likely cause was the new Fed leadership, which probably favors a strong dollar.

The interesting part is: There are good reasons on both sides. On one hand, we have a structural deficit — demand has exceeded supply for five years. Silver mines are producing hardly any more, but solar energy, electric cars, and AI infrastructure need more and more silver. Asia is buying like crazy; in Hong Kong, physical bars were sometimes sold out within hours.

On the other hand: A strong US dollar makes silver more expensive for international buyers. That’s currently the main risk. Goldman Sachs expects extreme volatility in 2026, and honestly, it looks that way.

The analysts disagree — Citigroup says $150, others expect $50. Some even anticipate higher prices by 2030. But after the crash in January, I’ve become more cautious. Silver is no longer the safe investment it once was.

For those who want to invest, there are different options: physical bars, mining stocks, ETFs like SLV or PSLV, CFDs, or futures. Each method has its pros and cons. For beginners, I’d recommend ETFs, as they are less risky than futures.

All in all: Silver has potential, but the volatility is brutal right now. If you want to get involved, you should think carefully and maybe start with small positions. The next few months will be exciting.