Silver Forecast: Silver Breaks Above $90 as Momentum Accelerates

By Patrick Timely

Silver has entered a new phase of its rally after breaking decisively above the $90 level, pushing into price discovery as geopolitical tensions and safe-haven demand continue to drive inflows. The metal recently surged to highs near $94 per ounce, marking one of the strongest moves across global markets.

With silver now trading near record territory and significantly outperforming most risk assets, attention has shifted to whether momentum can sustain and how far the current breakout may extend.

Why silver prices are surging

Silver’s rally has been fueled by a convergence of geopolitical stress and macro uncertainty. Renewed trade tensions between the United States and Europe, tied to tariff threats over Greenland, have pushed investors toward traditional safe-haven assets. As equity markets sold off, precious metals absorbed fresh demand.

At the same time, uncertainty around monetary policy and institutional credibility has reinforced interest in non-sovereign stores of value. While gold has attracted steady inflows, silver has responded more aggressively due to its smaller market size and higher sensitivity to capital rotation.

Beyond macro factors, silver continues to benefit from its industrial role. Demand from electronics, solar energy, medical devices, and manufacturing remains strong, giving the metal a dual appeal that sets it apart from purely monetary assets.

Silver overtakes Nvidia in global asset rankings

Silver’s surge has reshaped the global asset landscape. According to Companies Market Cap data, silver has overtaken Nvidia to become the world’s second-largest asset by market capitalization, valued at roughly $5.2 trillion.

This milestone underscores silver’s growing relevance in the current market cycle. While technology stocks have dominated headlines in recent years, the shift highlights renewed investor interest in tangible assets during periods of heightened uncertainty.

Silver’s market value now exceeds Bitcoin’s by a wide margin, reinforcing its position as a core asset for diversification rather than a niche commodity trade.

Silver technical analysis: Breakout confirmed above $90

Silver price action over the past week. Source: CoinCodex

The move above $90 marked a clear technical breakout. After stabilizing above the $80 psychological level in late December, silver entered an acceleration phase that carried prices rapidly higher. The rally briefly peaked near $94 before consolidating, suggesting the market is digesting gains rather than reversing.

Momentum indicators remain firmly bullish, though short-term conditions are stretched. Overbought readings increase the likelihood of sideways movement or shallow pullbacks, but that behavior is typical following sharp upside moves.

As long as silver holds above the $80–$85 support zone, the breakout structure remains intact. A sustained move below that area would be the first signal of momentum fading, but so far, buyers continue to step in on dips.

Peter Schiff sees further upside despite volatility

Today was a great day for miners. After a sharp early sell-off on a meaningless pullback in gold and silver, they rallied back, with most names ending the day with solid gains, despite gold ending down more than $30 and silver down more than $3. I expect a big rally next week.

— Peter Schiff (@PeterSchiff) January 16, 2026

Precious metals investor Peter Schiff has pointed to silver’s resilience as a key signal. Despite sharp intraday swings, Schiff noted that mining stocks recovered strongly following recent pullbacks, suggesting underlying demand remains healthy.

Schiff has described the current environment as the early phase of a broader precious metals bull market, arguing that short-term price noise should not distract from the larger trend. While silver remains volatile, its ability to hold elevated levels continues to draw attention.

CoinCodex silver price prediction

CoinCodex’s silver 6-month price prediction. Source: CoinCodex

CoinCodex’s silver price prediction points to continued upside following the recent breakout. According to the forecast, silver could rise from current levels near $93 toward the mid-$300 range by mid-2026, reflecting strong momentum and elevated volatility.

Rather than a single parabolic spike, the projected path suggests sustained upside, interspersed with periods of consolidation. The model reflects ongoing macro uncertainty, speculative interest, and silver’s historical tendency to outperform gold during advanced stages of precious metals rallies.

While algorithmic projections should be treated as probabilistic rather than certain, the CoinCodex forecast aligns with silver’s current technical strength and the broader momentum driving the market.

Source:: Silver Forecast: Silver Breaks Above $90 as Momentum Accelerates