Gold, Fed and silver
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The price of silver is sitting near a record high. Here's why it could pass the $100 per ounce mark this January.
Silver broke above $90 an ounce for the first time and gold flirted with a record high as attacks on the Federal Reserve, the prospect of more US rate cuts and a tense geopolitical backdrop added impetus to a blistering rally in precious metals.
Although it is frequently eclipsed by gold, recent price movements have elevated silver's profile as one of the most vibrant commodities in global markets.
Silver's surge has investors paying closer attention to the precious metal, but some downsides can come with it.
Analyst, citing Fibonacci extension, predicts that this rally can extend further towards $84, $88, $93 and $99 in the coming few months of 2026 with strong support at $70.
Silver opened the new week on a powerful footing, extending the bullish tone that has defined early 2026 trading. The break above $84 carries strong technical and psychological importance.
I hope my regular readers followed my precious metal suggestions a year or so ago. If they did, they will not only be happy but also wondering what happens next.
The sharp rise in the precious and industrial metal came after US inflation data boosted hopes for more rates cuts by the Federal Reserve.
Silver futures touched another intraday record high on Tuesday, continuing to press higher even after CME Group announced changes to its margin requirements for some metals futures. Silver was recently trading at $87.
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