In 2026, silver's market witnessed dramatic fluctuations, reaching an all-time high of $118 per ounce in January before plummeting to around $60. This volatility is attributed to macroeconomic pressures, including a robust US dollar and rising interest rates, which have diminished silver's appeal as a non-yielding asset. Investors have shifted towards equities and bonds, leading to significant profit booking after late 2025's rally. The sell-off was exacerbated by speculative trading, with forced selling following margin calls. Despite these challenges, silver's fundamentals remain strong, supported by robust industrial demand and ongoing supply deficits. The market has faced a persistent deficit for six years, with demand outstripping supply. Looking ahead, silver is expected to trade within the range of $70 to $90 per ounce, influenced by industrial demand, particularly in renewable energy sectors. Investors are encouraged to maintain a disciplined approach, utilizing strategies like Systematic Investment Plans (SIPs) to navigate volatility while limiting silver exposure to 5-10% of their portfolios for balanced risk management.