#Silver Price News Today 27-1-2026 - 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 have reached historic milestones today, January 27, 2026, with spot silver trading at approximately $111.71 per ounce, a significant rise from $109.54 yesterday. In the Indian market, silver has shattered previous records, with MCX March futures closing up 8% at ₹3,61,500 per kg.
The rally is being characterized as a historic "super-cycle," driven by a structural supply deficit entering its fifth year, heightened geopolitical tensions—including new U.S. tariff threats against South Korea and the EU—and silver's critical role in AI infrastructure and green energy.
Key Market Drivers
-Geopolitical & Trade Risks: Renewed threats from the U.S. administration to raise tariffs on South Korean goods (from 15% to 25%) and potential 10%–25% tariffs on EU members have accelerated safe-haven demand.
-Supply Constraints: China's recent ban on silver exports and the U.S. Department of the Interior's designation of silver as a critical mineral have intensified fears of physical shortages.
-Industrial Demand: AI chip manufacturing, data centers, and the energy transition (EVs and solar panels) now account for over 55%–60% of global silver consumption.
-Monetary Factors: Persistent weakness in the U.S. dollar and market expectations for Federal Reserve rate cuts later in 2026 continue to support non-yielding assets.
