Historically Stretched Price and Volatility - Silver The last time silver's price and volatility stretched as much as in 2026 was during the 1979-80 surge that led to a high near $50 an ounce -- a level not extended until last year. My graphic highlights the metal backing down from roughly a 2.5x premium to its 20-quarter moving average in 4Q, exceeding the 2011 extreme that preceded a peak near $50. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tmj55drkv2u0 {BI COMD} #Silver #technicalanalysis @BBGIntelligence