Silver continues to dominate the precious metals complex after posting one of its strongest moves in decades. The metal is trading around $98.32, holding near record territory after a sharp rally that pushed prices to fresh all-time highs earlier this week. The surge has unfolded alongside renewed strength in gold and rising demand for safe-haven assets amid persistent macro and geopolitical uncertainty.
After breaking above multiple long-term resistance zones, silver has entered price discovery, with volatility picking up as traders reassess how far the move can extend. While near-term pullbacks remain possible, momentum across the broader metals market has kept silver firmly in focus.
Precious metals surge as safe-haven demand builds
Silver’s breakout has coincided with another leg higher in gold, reinforcing a broader flight toward hard assets. Gold recently moved near the $4,900 level, reflecting investor demand for protection against inflation risk, geopolitical tensions, and currency instability. That strength has spilled over into silver, which often amplifies gold’s moves due to its smaller market size and higher volatility.
BREAKING: Gold and Silver just hit another new all time high of $4,900 and $96.
In the first 22 days of 2026,
Gold added $3.9 trillion and is up 13%
Silver added $1.3 trillion and is up 32%Precious metals are on a MEGA run. pic.twitter.com/xKI3OG6m49
— Bull Theory (@BullTheoryio) January 22, 2026
Market commentary has pointed to rising uncertainty across global trade, monetary policy expectations, and geopolitical flashpoints as key drivers behind the renewed interest in precious metals. In that environment, silver has benefited both as a monetary hedge and as an asset with industrial relevance.
Inflation and consumption data shape the macro backdrop
The rally in silver has also followed closely watched U.S. inflation and consumption data. Recent Personal Consumption Expenditures figures showed headline and core inflation remaining above the Federal Reserve’s long-term target, while consumer spending continued to expand at a steady pace.
That combination of resilient demand and persistent inflation pressure has historically favored non-yielding assets such as gold and silver. With real rates remaining constrained and uncertainty around future monetary policy still elevated, precious metals have continued to attract capital as portfolio hedges.
Silver’s surge to record highs has also revived long-standing bullish narratives around triple-digit price targets. “Rich Dad Poor Dad” author Robert Kiyosaki has reiterated his view that silver could eventually reach $200, a level he has framed as plausible in an environment defined by inflation pressure, currency debasement, and rising geopolitical risk. That view has gained renewed attention following silver’s latest breakout, echoing recent analysis on whether silver could reach $200 after its latest all-time high, as momentum across the precious metals complex continues to build.
WHY SILVER is SUPERIOR
Gold and silver have been money for thousands of years.
But…in today’s Technology Age….silver is elevated into an economic structural metal…. much like iron was the structural metal of
the Industrial Age.In 1990…silver was approximately
$ 5.00 an…— Robert Kiyosaki (@theRealKiyosaki) January 22, 2026
Technical levels come into focus near $100
From a technical standpoint, the $100 level has emerged as a key psychological and structural zone. Silver has already cleared several major resistance areas during its recent advance, placing that round number firmly within reach.
Traders are now watching whether silver can consolidate above its breakout range or if short-term profit-taking leads to a temporary pullback. Historically, sharp silver rallies have often been followed by periods of consolidation before trend continuation, making price behavior around current levels particularly important.
$SILVER is at the cusp of a leading diagonal breakout from the 1800’s. Additionally, the measured move for the recent breakout has not anywhere near met its logical target which is over $450… after that I would expect consolidation and then if the breakout on the leading… pic.twitter.com/jBmalRFUUN
— @mcm_ct_usa (@mcm_ct_usa) December 27, 2025
Longer-term technical projections cited by some analysts extend well beyond near-term targets, though such scenarios depend on sustained momentum and supportive macro conditions. For now, attention remains centered on silver’s ability to hold above former resistance as it trades near record highs.
CoinCodex silver price forecast
Silver 6-month price prediction. Source: CoinCodex
CoinCodex’s silver price prediction outlines an aggressive upside path if the current breakout structure remains intact. Based on the projection, silver could trade in the $102–$115 range on average in February, with upside scenarios extending toward $135 during periods of elevated momentum.
Further out, the model allows for significantly higher levels if trend continuation persists. CoinCodex’s mid-2026 projection places silver in a broad range, with average prices modeled around $240–$310 by May and June, and high-end scenarios stretching toward $375+ into early summer. These upper bounds reflect sustained safe-haven demand and historically strong performance during late-stage precious metals rallies.
Plus500: Best CFD trading platform for global investors
- Trade 2,800+ CFDs – stocks, forex, indices, commodities, crypto & more
- 0% commission and competitive spreads with no hidden fees
- Leverage up to 1:30 for retail clients and higher for professionals (professional accounts do not have ICF rights)
- Advanced risk management tools
- Regulated in multiple jurisdictions, ensuring security & compliance
- 26+ million users worldwide
CFDs are complex instruments with a high risk of losing money due to leverage. 82% of retail investors lose money trading CFDs with this provider. Ensure you understand the risks before trading. Past performance is not indicative of future results. Professional accounts do not have ICF rights.
Source:: Silver Forecast: Kiyosaki Flags $200 Scenario as Prices Hold Near $100
