Silver smashed through $90 an ounce for the first time, while gold edged within $10 of its all-time high. Attacks on the Federal Reserve, expectations of further US rate cuts, and escalating geopolitical tensions fueled the white-hot rally in precious metals.
The white metal spiked as much as 5.3% to $91.5535 an ounce. Gold hovered near its peak amid softer-than-expected December US inflation data though economists warned the record-long government shutdown distorted the figures. The Fed may hold off on cuts for months, but swaps markets bet on at least two more later this year.
Precious metals have stormed out of the gates in 2026, extending 2025’s explosive gains.
In the first week of 2026, the sliver rose by about 20% , boosting profits compared to past years.
With prices now at record levels, some analysts caution that volatility may increase in the near term, even though longer-time fundamentals remain supportive.
The largest sliver producers at present include Mexico, China, Peru, Chile, and Australia.
The top consumers of silver jewellery are India, China, the United States, Thailand, and Italy.
Story by: Mercy Addai Turkson #ahotoronline.com