#Silver Price News Today 30-1-2026 - Elliott Wave and technical analysis of Silver, key support and resistance zones. Video by MCO Global Equities & Commodities.
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Silver prices experienced a historic "flash crash" on January 30, 2026, plummeting over 12–15% in a single session. After reaching an all-time record high of $121.78 per ounce earlier in the week, spot silver fell below the psychological $100 milestone to trade around $99.04 by Friday morning. Despite this sharp correction, silver remains up approximately 65% since the start of 2026.
Key Market Drivers
-Fed Chair Nomination: Markets reacted sharply to President Trump's selection of Kevin Warsh to lead the Federal Reserve. Warsh is perceived as a "monetary hawk" likely to maintain higher interest rates, which boosted the U.S. Dollar Index (DXY) and pressured non-yielding assets like silver.
-Aggressive Profit Booking: Following a parabolic rally where silver prices nearly quadrupled in 12 months, institutional investors triggered massive sell-offs to lock in historic gains.
-Margin Hikes & Forced Liquidation: Heightened volatility led major exchanges to increase margin requirements for silver contracts, forcing leveraged traders to liquidate positions.
-Technical "Capitulation": Analysts described the move as a technical correction after silver reached "extreme overbought" conditions.
Outlook and Context
While today's decline was the most severe single-day drop in 13 years, the long-term structural drivers for silver remain intact. Demand continues to be bolstered by a physical supply deficit and silver's critical role in renewable energy (solar panels), electric vehicles, and AI hardware manufacturing. Some analysts maintain a bullish bias, suggesting the current volatility may be a "washout" before a potential move toward $150 per ounce later in the year.
