#Silver Price News Today 22-1-2026 - Elliott Wave and technical analysis of Silver, focusing on market structure, key support and resistance zones. Video by MCO Global Equities & Commodities.
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Silver prices are trading at approximately $93.35 to $94.14 per ounce as of January 22, 2026. While markets remain near historic highs, silver experienced a notable price correction today, falling from recent peaks of roughly $95.87 reached earlier this week. In India, 1kg of silver is trading around ₹3,25,000 to ₹3,30,100, following a drop from an all-time high of ₹3,38,804 hit on Wednesday.
Key Market Drivers
--Geopolitical De-escalation: A primary cause for today's retreat is the easing of tensions over Greenland. U.S. President Donald Trump announced the withdrawal of proposed tariffs on several European countries and signaled a non-military approach to the Arctic island, reducing the immediate need for safe-haven assets.
--Stronger US Dollar: A firmer greenback has exerted downward pressure on dollar-denominated metals, making silver more expensive for international buyers.
--Profit Taking: Following a relentless rally that saw silver triple in value since early 2025, traders are locking in gains ahead of upcoming U.S. inflation (PCE) and jobless claims data.
