Silver Price Forecasting: XAG/USD Targets $82 Following Fibo Test

Silver prices remain highly volatile in early February 2026, with XAG/USD trading near $81.50 after a sharp rebound from recent lows. Following extreme price swings that included a historic crash and rapid recovery, silver is now consolidating near critical Fibonacci resistance. Strong technical signals, macroeconomic developments, and persistent supply deficits continue to support bullish long-term forecasts, including Bank of America’s extraordinary $309 price target for 2026.