Why silver is surging again today: Silver price surges more than 12% as futures reclaim $86 per ounce – market now eyes $100 next

Silver prices jumped over 12% today: On February 3, 2026, silver futures exploded 12.43% higher to reclaim $86.58 per ounce. This massive +$9.57 surge follows a record-breaking liquidation that saw prices plunge 26% in a single session last Friday. Trading volume reached a staggering 46,000 contracts, confirming a violent technical rebound as investors rush to buy the dip. The market now pivots toward the psychological $100 target as industrial demand remains critical.