Silver price has had a pretty wild ride in 2026. The metal surged past $120 per ounce in January, then collapsed all the way to the mid‑$60s. That is a roughly 50% drop from the highs. The crash has only brought the silver price back to the exact area that launched the move in the first place. Bears have spent months celebrating a “collapse” that, so far, has only succeeded in converting 2026 resistance into 2027 support.