#Silver Price News Today 26-1-2026 - 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 reached a historic milestone today, January 26, 2026, surging past the $110 mark for the first time. This explosive rally, which saw spot silver gain as much as 8.5% intraday, follows the metal's breakthrough of the psychologically significant $100 barrier just days ago on January 23.
Key Market Drivers
--New Record Highs: Spot silver touched an all-time high of $110.11 during Monday trading. This represents a staggering 265% increase over the same time last year.
--Geopolitical Safe Haven: Investors are flocking to precious metals due to heightened uncertainty surrounding U.S. tariff threats against Canada and potential trade deal tensions with China.
--Industrial Shortage: A persistent eight-year global supply deficit, exacerbated by new Chinese export restrictions on silver, has created a "liquidity trap" for industrial buyers in sectors like AI, solar, and semiconductors.
--Gold-to-Silver Ratio: The ratio has compressed to approximately 48:1, its lowest level in 15 years, signaling silver's dramatic outperformance relative to gold.
Analyst Outlook
Analysts at major firms suggest this rally may act as a base for further gains. Forecasts now include targets of $125 and even $150 per ounce if the current "silver squeeze" continues and industrial demand from green technologies accelerates. However, some traders warn that such sharp moves could lead to interim corrections as profit-taking occurs.
