I just noticed that silver (XAGUSD) has returned to the $80 level, which is quite interesting because it was previously "wiped out" during a severe margin liquidation. A few days ago, silver plummeted from $82.77 down to $73, a 10.7% drop in a single move. The reason was CME unexpectedly increasing margin requirements, forcing many highly leveraged investors to close their positions. Now it has bounced back to the $80 level, which seems to be a significant recovery after the shock.

Last night's non-farm payroll data also gave silver this opportunity. Only 50,000 jobs were added, and the figure was revised downward from the previous month. This indicates that the labor market is cooling off, and the market is starting to bet that the Federal Reserve may not be able to keep interest rates high for long. With unemployment still low but job growth weak, silver (a non-yielding asset) becomes an attractive risk-avoidance asset for institutions.

What’s interesting is that silver is currently more volatile than gold. The gold/silver ratio has fallen from above 80 to around 57.43, while gold remains steady at $4,500. Silver has a large industrial demand, especially with the green energy wave expected to strengthen in 2026, making it more flexible than gold. Many major investors are targeting $100 for silver, which is easier to reach than doubling gold’s price.

A few notes for everyone: the $80 level will definitely be a hot battleground. Silver may test this level multiple times, so don’t rush to open 50x leverage here. If you want a good entry point, wait for it to fall to $75.80 (50-day moving average support), which could be a good opportunity. Regarding trading strategies, if you want quick profits, use XAGUSD contracts, but if you’re betting for late 2026, buy spot to avoid capital costs eroding your profits.

Do you think silver can break through to $100, or will it face resistance again at $85.87 (old ATH)? Share your thoughts below.