Silver Price Rollercoaster: Record Highs, 30% Crash, and Future Predictions

• Silver prices hit a record high of $121/ounce in early 2026, driven by inflation concerns and US monetary policy.
• On January 30, 2026, silver crashed over 30% in a single day, a historic loss for the metal.
• The collapse was triggered by Donald Trump's choice of Kevin Warsh as Federal Reserve Chairman, strengthening the dollar and reducing investor fear.
• Despite the crash, iShares Silver Trust (SLV) gained over 12% year-to-date, outperforming the S&P 500.
• Analysts suggest silver could reach $200/ounce if central bank doubts, increased speculation, or supply disruptions occur; otherwise, it may trade between 3-4 lakh rupees per kilogram.