#Silver Price News Today 16-1-2026 - 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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Silver is trading at $89.22 per ounce as of 8:15 a.m. ET on Friday, January 16, 2026. This represents a slight downtick of $0.34 (0.37%) from 24 hours ago, following a week where the metal reached a series of new all-time record highs, including a peak near $93.57 earlier in the month.
Key Market Movements and Data
The broader trend for silver remains exceptionally bullish, with the price nearly tripling over the past year from approximately $30 per ounce in early 2025.
--Daily High/Low: During early trading on January 16, silver fluctuated between a low of $89.24 and a high of $90.92.
--Monthly Gain: Silver has surged approximately 34.73% over the past 30 days.
--Gold-to-Silver Ratio: The ratio has dropped significantly to approximately 50.33, down from highs over 100 in 2025, highlighting silver's current relative strength against gold.
--Technical Support: Analysts identify a key support zone around $85.00–$86.00, with immediate resistance at $92.00–$93.70.
Factors Influencing Today's Price
The recent volatility and high prices are driven by a combination of macroeconomic instability and industrial constraints:
--Safe-Haven Demand: Global investors are turning to silver amid institutional crises in the U.S. and escalating military tensions in the Middle East.
--Structural Supply Deficit: The market is facing its fifth consecutive year of supply deficits, estimated at 30.5 million to 200 million ounces, as mine production fails to keep pace with demand.
--Industrial Consumption: Explosive growth in AI data centers, solar energy, and electric vehicles (EVs) continues to consume over half of global silver production.
--Speculative Interest: High concentration on the short side and massive retail inflows—over $920 million into silver-backed ETFs in the last 30 days—have fueled erratic price swings.
