#Silver Price News Today 12-1-2026 - Elliott Wave and technical analysis of Silver, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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The price of silver is trading at around $83.66 per ounce on January 12, 2026, a gain of over $4.776 from the previous day's close. Silver reached a fresh all-time high today, nearing the $85.00 level amid a weaker US dollar, political uncertainty surrounding the Federal Reserve, and strong industrial demand.
Key Insights
-Record Highs: Both gold and silver have achieved their first record highs of 2026, with the path of least resistance currently expected to be to the upside.
-Political Factors: The current surge is partly driven by the announcement that the U.S. Department of Justice will investigate potential criminal charges against Fed Chair Jerome Powell, which has led to a weaker dollar and heightened safe-haven demand for precious metals.
-Industrial Demand: Beyond its role as a safe haven, silver is experiencing record-level industrial demand from sectors like solar panels, electric vehicles, and AI-related hardware, which is creating a structural supply deficit.
-Supply Constraints: Mine production growth has been limited, and supply deficits are expected to continue through 2026, supporting higher prices.
-Volatility Expected: Silver's smaller market size compared to gold makes it more sensitive to market shifts, suggesting continued volatility with potential for sharp price movements.
is driven by safe-haven demand amid escalating geopolitical tensions and increased expectations for US interest rate cuts.
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