Silver Volatility Spikes as Prices Settle Near Seventy One Dollars

Industrial Demand Floor

The sharp drop in late December is viewed as a technical correction. Physical demand from the photovoltaic industry remains at record highs, and new export controls from major producers like China are expected to tighten supply further in 2026.

Technical Reset

Traders view the $70 level as a critical support zone. The 'flush' of speculative long positions has reset technical indicators, potentially setting the stage for a renewed rally as industrial buying resumes in January.