Silver Price Today: Silver just made history. On January 23rd, the precious metal crossed $100 per ounce for the very first time, marking a major milestone that has investors talking worldwide.
A Day to Remember for Silver
The white metal jumped 4.2% on Friday, reaching $100.29 per ounce in spot markets. This isn’t just a small win—silver has already delivered an incredible 40% return in 2026, and we’re only in January. Last year was equally impressive, with prices more than doubling.
Gold didn’t stay behind either. It climbed close to $5,000 per ounce, trading at $4,961.74 and coming very near to breaking its own historic barrier.
Silver Price Today
| Metal | Price (per ounce) | 2026 Gain | Status |
|---|---|---|---|
| Silver | $100.29 | 40% | Record High |
| Gold | $4,961.74 | 8% (weekly) | Near $5,000 |
Why Are Prices Soaring?
Several things are pushing precious metals higher right now. Global uncertainty has increased since Donald Trump returned to the White House. Tensions between the US and Europe are rising, and the Russia-Ukraine war continues without any clear solution in sight.
There’s also a real supply problem. For five straight years, the world hasn’t produced enough silver to meet demand. Last October, London’s silver market actually ran short because everyone was rushing to ship metal to New York ahead of potential US tariffs.
Chinese investors are particularly interested, seeing silver as a strong alternative to gold. Retail buyers from Shanghai to New York are actively purchasing, giving prices solid support.
What the Experts Predicted
Big banks saw this coming. Citigroup raised its silver price target to $100 per ounce just this month, while also forecasting gold would hit $5,000. Both predictions are now playing out in real-time.
With trade tensions, supply shortages, and strong investor demand all working together, precious metals are having their moment. Gold’s 8% weekly gain is its strongest since March 2020, and silver’s breakthrough past $100 shows just how much the market has changed.
For anyone watching the markets or thinking about where to invest, this historic moment signals that precious metals remain a go-to choice when uncertainty is high.
Disclaimer
This article is for informational and educational purposes only and should not be considered financial or investment advice. Precious metals prices are highly volatile and can fluctuate significantly. Past performance does not guarantee future results. The information presented here is based on market data as of January 23, 2026, and market conditions can change rapidly.
Before making any investment decisions, please consult with a qualified financial advisor who can assess your individual financial situation, risk tolerance, and investment goals. Investing in precious metals carries risks, including the potential loss of principal. Always conduct your own research and due diligence before investing in any asset class.
Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
