Silver Pulls Back from $80 High but $100 Rally Still in Play

Silver has retreated to the high $70s after climbing over $80 from $67 a month ago, delivering a 20% gain amid record S&P 500 highs. The metal is gaining traction as a hedge against stretched stock valuations and Fed chair transition uncertainty, which previously triggered sell-offs. SLV ETF fell 3.53% to $69.60 (range $69.40-$71.54), yet its 52-week high of $109.83 fuels talk of a push to $100 despite wild swings.