What is driving the rally in silver and gold prices?

The rally is driven by significant industrial demand, particularly from AI data centers, global supply shortages, geopolitical tensions, and a global pivot towards hard assets.

What are the forecasts for gold prices by the end of 2026?

Major financial institutions like Goldman Sachs have revised their forecasts upward, with gold now expected to reach $5,400 per ounce by year-end 2026.

Home / Business and Economy / Silver Surges Past $100: A New Era for Metals

Silver Surges Past $100: A New Era for Metals

Q: What record did silver prices hit on January 23, 2026?

Silver prices hit a historic milestone on January 23, 2026, breaching $100 per ounce and reaching an intraday high of $100.29.

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Summary

Silver hit a record $100.29 per ounce as of January 23, 2026.
Industrial demand and global supply shortages drive silver's rally.
Gold also reached a new peak of $4,967 per ounce.

Silver Surges Past $100: A New Era for Metals

Silver prices achieved a historic milestone on January 23, 2026, breaching $100 per ounce and reaching an intraday high of $100.29. This represents a remarkable 40% increase in just the first three weeks of 2026. Gold simultaneously set a new peak at $4,967 per ounce, indicating a broader trend in precious metals.

The rally is driven by a confluence of factors, including significant industrial demand, particularly from AI data centers, and persistent global supply shortages. China's new export restrictions on silver have further constrained availability, draining inventories to multi-decade lows.

Geopolitical tensions and a global pivot towards hard assets are also bolstering prices. As the Federal Reserve prepares for interest rate cuts and BRICS nations diversify reserves away from the U.S. dollar, demand for physical bullion is strengthening.