A more than 30% one-day drop in silver late last week pulled prices for the metal into a bear market for the first time since 2022.

One of the key drivers behind the silver rally is also fueling the rise of artificial intelligence (AI) and the advent of quantum computing.

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.

Silver squeeze intensifies as inventory coverage falls to 14%. Futures surge past $117 amid record physical demand.

Zee Business provides the latest business news such as Indian stock market news and Updates, sensex live news & nifty news. Check out the personal finance news from the world of business including BSE,

Silver futures saw a sudden surge as prices jumped sharply in early trade. Strong buying interest returned after recent losses. Global cues, tariff cut hopes, and bullish expert views pushed silver higher.

On Friday, SLV closed with a loss of approximately 28.6%, and gold with a loss of 10.2%. That lines up with how this market usually behaves. Silvers tends to move roughly three times as much as gold, so the swing looks proportionate. However, the reversal in gold tells us that this is not just a "silver story," but systemic stress in positioning.

Major equities indexes fell Tuesday, pulled lower by technology shares, although the Dow Jones Industrial Average hit a new all-time high before slipping. Meanwhile, gold and silver futures resumed their ascent.

Silver prices crashed on Friday. One commodities expert says there are three signs to watch for to know if more pain is coming.

MEXC’s zero-fee strategy drove a surge in gold and silver futures trading, lifting gold futures market share to 47%.