On January 9, 2026, Silver (XAG/USD) staged a notable intraday rally, bouncing approximately 6% from a low of US$73.84 to trade around US$78.05, fast approaching a key resistance level of US$79.86. This movement followed a sharp 10.7% sell-off from its January 7 high of US$82.77. MarketPulse's analysis suggested this rebound was likely a countertrend 'dead cat bounce' rather than an impulsive trend resumption, hinting at potential further corrective decline. The US$79.86 level was identified as a critical inflection point, with a failure to break above it, especially coupled with a dip below US$74.07, potentially opening the door for another corrective leg towards US$70.52 and possibly the 50-day moving average zone around US$62.75/61.91. While the near-term momentum was fading, the overarching long-term bullish structure for silver was deemed intact, though a deeper mean-reversion decline might be necessary before a more sustainable bullish impulsive move materializes. This analysis aligned with prior volatility; silver hit an all-time intraday high of US$84.03 on December 29, 2025, before experiencing a 9% tumble. On January 6, 2026, silver had also "exploded to $80." Separately, on January 8, 2026, Indian MCX silver futures saw a significant drop of Rs 10,000, illustrating market sensitivity. As of January 10, 2026, live spot prices for silver hovered around US$79.94 to US$80.67 per ounce, indicating continued activity around the resistance levels previously highlighted. Technical indicators present a mixed picture, with some moving averages signaling a buy, while others like the Relative Strength Index (RSI) suggest a sell. The broader outlook for 2026 remains bullish, driven by increasing industrial demand, particularly from green energy technologies like solar panels and electric vehicles, supporting a structural deficit. However, some analysts project a gradual decline in silver prices in the longer term, while still raising the 2026 average forecast. The story remains globally relevant, with significant interest from the Indian audience due to the country's substantial engagement in the silver market.