Spot silver jumped nearly 3% to $60.55 per ounce, riding a broader rally in precious metals. The move pushed the white metal to its highest level in weeks.
Precious metals in focus
Silver wasn't alone. Gold and other precious metals also gained as investors piled into safe-haven assets. The rally came amid ongoing economic uncertainty and shifting expectations around interest rates. Silver often outperforms gold during such moves because of its dual role as both a monetary metal and an industrial commodity.
What the prediction market says
A prediction market now puts a 12.2% probability on silver hitting $66 per ounce by July 2026. That's a specific target that would represent a further gain of roughly 9% from current levels. The market aggregates bets from thousands of traders, giving a real-time view of where speculators think prices are headed.
The 12.2% figure is notable but far from a sure thing. It suggests the market sees a meaningful chance of a continued rally, but the odds remain heavily against that price target within the next two and a half years.
For now, silver sits at $60.55. The prediction market will keep updating as new economic data, central bank moves, and industrial demand figures come in. Traders will watch for any shift in the probability — a move above 20% could signal growing conviction that $66 is within reach.
