Silver recently delivered one of the most dramatic rides in precious metals history. At the start of this year, the white metal surged upward at a rapid pace, breaking the $100-per-ounce price barrier for the first time before dipping back down to about $75 per ounce. As of mid-February, the price of silver is now sitting at about $83 per ounce (as of February 12, 2026) — which is down significantly from its peak but still up dramatically compared to a year ago, when it traded in the $30-per-