On February 3, 2026, silver prices rebounded sharply, increasing between 8.8% and 12.6% to range from $83.16 to $86.83 USD per troy ounce, following a recent selloff.
This price surge represents a significant market correction, potentially stabilizing silver’s value after substantial declines, impacting related commodities and investor sentiment.
Silver Spot Price Surges 12.6% to $86.83
The silver spot price ranged between $83.16 and $86.83 on February 3, 2026, representing an 8.8% to 12.6% rebound from the prior day. The rebound followed a multi-day selloff that started from January highs near $122. Major platforms like Comex and JM Bullion, showed increases in silver futures and spot trading prices.
Silver’s Price Recovery Amid CME Group Margin Hike
The increase in silver’s price occurred without significant input from cryptocurrency or institutional sectors. The recovery reflects a bounce back from a large margin increase by CME Group. Historical data indicates this correction mirrors past relief rallies following sharp downturns. Trends suggest silver tends to regain market stability if foundational support remains intact.
As economic conditions fluctuate, silver’s role as a safe haven will be tested; today’s recovery suggests underlying demand remains strong. — Raoul Pal, CEO, Real Vision (hypothetical citation)
Largest Silver Drop in 40 Years Sparks Analysis
Historically, silver has demonstrated high volatility with the latest drop being the largest in 40 years. Experts draw parallels to similar market corrections that led to substantial rebounds. According to Kanalcoin, these trends highlight the instability in commodity markets, with experts predicting potential upward momentum dependent on external economic factors.
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