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Wednesday, 28 January 2026
Sunday, 25 January 2026
Silver updates
Silver Soars Near $99 on Dollar Weakness and Strong Demand
* Silver jumps nearly 3%, approaching $99 per ounce
* Weakening dollar amid US-Europe tensions supports metals rally
* Markets anticipate Fed to hold rates but price in two cuts later
* Short squeeze, retail buying, and China’s export controls boost demand
* Investor interest in real assets strengthens amid geopolitical uncertainty
Silver surged to new record highs on Friday, rising nearly 3% toward $99 an ounce, driven by a weaker dollar and strong demand for real assets. Geopolitical tensions between the US and Europe, including concerns over Greenland and potential leverage of US asset holdings, weighed on the dollar and bolstered precious metals. Market participants expect the Federal Reserve to hold interest rates next week, while pricing in two possible rate cuts later in 2026, especially if a dovish Fed chair is appointed. The rally has also been supported by a historic short squeeze, robust retail buying, and tighter Chinese export controls, fueling momentum in silver prices.
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