Experts suggest silver prices may face a significant decline, potentially crashing by 60%, due to industrial demand shifts. Amit Goel notes that industries may seek alternatives to silver if prices remain economically unviable. The photovoltaic and solar sectors have already transitioned to copper, and similar efforts are underway for solid-state batteries. While short covering might temporarily boost prices, Goel believes silver may have topped out or could reach $100 per ounce by February 2026, or fall close to that level.