Silver has burst into 2026 as the defining story of the commodities market. In January, silver (SIH26) powered into triple‑digit territory, touching $121, more than tripling in value over the past year and turning a once sleepy hedge into one of the most aggressive risk expressions on traders' screens. Even after sliding back to about $79 per ounce as of Jan. 30, it still sits more than 7% higher year-to-date and roughly 120% above its level a year ago.
