In a stunning turn of events, silver futures experienced an extraordinary trading day, marking a historic moment in precious metals markets with a significant price swing that caught investors' attention worldwide.

Silver reached an unprecedented milestone by topping $80 per ounce overnight, only to stage a dramatic 7% reversal by Monday's trading session, ultimately settling at $71.79 an ounce. The intraday movement was particularly remarkable, with prices plunging 15% from peak to trough - the most significant high-to-low change since August 2020.

Jeff Kilburg, CEO and chief investment officer of KKM Financial, characterized the event as a 'historic move' and attributed the pullback to strategic profit-taking and year-end tax-loss harvesting. Despite the sharp correction, silver remains impressively strong, having surged over 140% in 2025, rising from just above $20 per ounce at the start of the year.

The precious metal has outperformed even gold, which has itself experienced a remarkable 60% increase, recently hitting a record high of $4,550 in futures contracts. Multiple factors contribute to silver's impressive performance, including its status as a safe-haven asset during periods of geopolitical tension and economic uncertainty.

Investors are drawn to silver not just as a potential hedge against inflation, but also due to robust industrial demand. The metal plays a crucial role in emerging technologies like solar panels, data centers, and electric vehicle production, adding significant underlying value to its market dynamics.

Looking forward, Kilburg remains optimistic about silver's trajectory. He anticipates the metal could potentially climb to $90 or even $100 in 2026, representing potential upside of 27% to 40% from current levels. 'I think this is a reset, a reprieve,' Kilburg explained, 'But I believe both precious metals will continue their upward momentum.'

The expert emphasized that dramatic supply constraints coupled with tremendous demand create a compelling case for continued silver appreciation. 'There's a dramatic supply issue. There's a tremendous demand issue,' Kilburg noted. 'And you couple those two together, that is going to push silver higher. So, I don't think the rally is over by any means.'