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Silver Surges Past $100 – Gold Nears $5,000 Milestone

Published January 24, 2026, 07:17
Silver Surges Past $100 – Gold Nears $5,000 Milestone

Silver surged past $100 a troy ounce, hitting a record high, while gold also reached new highs, nearing the milestone level of $5,000, as investors flock to safe havens amid recent geopolitical turmoil and expectations of further interest rate cuts by the Fed this year. The spot price of silver rallied by over 5%, exceeding $100 per ounce on Friday. Gold saw gains of close to 1%. Investors are turning to silver and gold as safe investments during times of uncertainty. The breakdown in relations between the US and Europeans (following threats from Donald Trump regarding Greenland and tariffs, from which he ultimately backed down) and the lack of progress in peace talks in Ukraine have boosted this trend. Analysts point out that silver is expected to continue benefiting from the same forces supporting gold investment demand, such as political uncertainty and low yields. The low liquidity in the London market and silver's dual role as an industrial and investment metal also contribute to the price increase. ING Groep NV reports that support for silver has been strengthened by the weaker dollar and investors’ increased appetite for safe assets. Its higher volatility compared to gold has amplified recent price movements.