Silver Price Outlook: White Metal Hits Fresh Global High; Can Rates Touch $100/oz Today? | Savings and Investments News

Last Updated:January 20, 2026, 08:05 IST

Silver prices surged to record highs in international markets, with COMEX silver futures for March 2026 contract jumping above $94 per ounce

Silver Prices Touch Record High

Silver rate today: Silver prices surged to fresh record highs in international markets, with COMEX silver futures for the March 2026 contract jumping above $94 per ounce amid rising geopolitical and trade tensions. Spot silver climbed past earlier peaks as investors sought safe-haven assets in response to escalating US–Europe tariff threats tied to Donald Trump’s Greenland dispute.

The rally in precious metals reflected broader risk-off sentiment, with markets moving away from equities into defensive assets such as gold and silver. Silver futures touched highs around $94.35 per ounce, driven by strong demand, a softer US dollar and concerns over global growth prospects.

Why are silver prices rising?

Heightened tensions from potential US tariffs on European countries have unsettled markets, prompting a shift into traditional safe havens. Analysts also point to sustained industrial demand, weaker currency conditions and speculative interest as supporting the rally, keeping silver structurally strong even amid short-term profit-taking.

Can silver prices reach $100/oz today?

According to market observers, silver’s momentum remains constructive. Prices have held above key support levels after breaking out, and technical analysts suggest that a sustained breakout above the current range could push momentum toward the $97–$100+ per ounce zone. Continued industrial demand (from sectors like solar, EVs and electronics) alongside safe-haven flows is expected to underpin medium-term silver strength, though short-term profit booking may temper sharp moves.

While $100/oz is not guaranteed on any given trading day, persistent safe-haven demand and structural drivers leave that level within reach on further upside momentum.

Technical outlook:

Traders see a consolidation band around $85–$88 per ounce as possible near-term support, with a breakout above $94–$96 per ounce likely to accelerate the push toward higher targets in the coming sessions.

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