#Silver Price News & Insights Today 4-2-2026 - Technical analysis of Silver, key support and resistance zones. Video by MCO Global Equities & Commodities.
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Silver prices are staging a significant recovery today, February 4, 2026, climbing toward the $90 per ounce mark as investors capitalize on lower entry points following a volatile start to the month. Spot silver is currently trading around $91.72 per ounce, reflecting a daily gain of over 5%.
Silver Insights
-Safe-Haven Demand: Renewed geopolitical tensions, including the U.S. Navy shooting down an Iranian drone in the Arabian Sea, have revived interest in silver as a protective asset.
-Industrial Shortage: A persistent structural supply deficit continues to underpin the market. Demand is being driven by the explosive growth of the AI sector, solar energy, and a global nuclear power revival that uses silver-indium-cadmium alloys for reactor control rods.
-Export Restrictions: Since January 1, 2026, China has implemented strict export controls on silver, reclassifying it as a strategic material. This has fragmented global supply and led to spiking lease rates in major bullion hubs like London.
-Central Bank Activity: Analysts report "shadow buying" by emerging-market central banks in Russia, India, and Saudi Arabia, which are increasingly viewing silver as a strategic reserve asset.
