Silver Rates Rebound Above $90. international silver prices have staged a powerful comeback, climbing back above the $90 level after a sharp recovery over the last 48 hours. Market research shows silver has surged nearly 28 percent in just two days, placing it back into bull market territory.
Current Silver Price Update
At present, spot silver is trading close to $91 per ounce. This recovery has surprised many investors, especially after the heavy losses seen at the end of January.
Last Week’s Sharp Silver Price Drop
Before this rebound, silver prices collapsed by more than 22 percent last week. The metal ended January on a weak note, causing panic among short-term traders and raising concerns about market stability.
Silver Touched $122 Before Volatility Hit
Earlier last week, silver prices reached highs of nearly $122 per ounce. Soon after, intense volatility pushed prices lower, briefly placing silver in a bear market phase.
Bullish Outlook: Can Silver Cross $100 Again?
Current market trends suggest silver could move above $100 per ounce if buying momentum continues. Many investors are re-entering the market, viewing silver as a safe asset during uncertain economic conditions.
Social Media Claims and Market Reactions
Despite the strong recovery, some commentators on X claimed that Friday’s crash was influenced by major banks. These claims remain unverified but have added fuel to discussions around price manipulation in the commodities market.
Rising Demand for Gold and Silver
Demand for precious metals like gold and silver is increasing rapidly. Analysts on social media expect both metals to gain further strength in the coming weeks as investors look for protection against inflation and market uncertainty.
Conclusion
Silver’s rapid rebound above $90 highlights renewed investor confidence after last week’s sharp decline. With strong demand for precious metals and improving market sentiment, silver may test higher levels again. However, ongoing volatility suggests investors should remain cautious and follow global market trends closely.
