Silver's soaring to $80/oz boosted betting markets with 26% odds of hitting $90 and 45% odds of surpassing $85. Bookmakers predict an 84% chance of drop below $70 amid speculation frenzy.

Silver had a remarkable year as prices climbed to $80 per ounce for the precious metal. This strong performance led to increased activity in prediction markets, where speculators are betting on its short-term trajectory. On Polymarket, the odds of silver reaching a record high of $90 per ounce by the end of January rose to 26% from 22% the previous day. The likelihood of silver surpassing $85 also increased to 45% from 29%. Conversely, bookmakers predicted an 84% chance, the highest probability among all outcomes, of silver falling below $70. This information can be found in the full story on Benzinga.com.