Silver Prices Soar 60% in January, Nearing All-Time Highs Amid Global Uncertainty
Business
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Moneycontrol•28-01-2026, 13:47
Silver Prices Soar 60% in January, Nearing All-Time Highs Amid Global Uncertainty
- •Silver prices surged by approximately 60% since the beginning of January, reaching near all-time highs.
- •Spot silver traded at $113.63 per ounce internationally, after touching a record $117.69 per ounce on January 26.
- •The rapid rally saw prices jump from $80 to $90 in 15 days, $90 to $100 in 10 days, and $100 to $110 in a single session.
- •Key drivers include safe-haven demand, global trade uncertainty, rising gold prices, and geopolitical risks.
- •Exchanges like CME Group increased margins on COMEX silver futures due to high volatility, while India's jewelry sector faces pressure.
Why It Matters: Silver prices have seen an unprecedented 60% surge in January, driven by global uncertainty and safe-haven demand.
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