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January 20, 2026Silver prices are up 25% already in 2026; expected to rise further
Geopolitical uncertainty and a continuation of last year’s demand trends keep driving the price of silver to unprecedented heights so far in 2026.
The new year has done nothing to halt the silver price rally. The factors that drove the rally in 2025 remain in place, with new geopolitical concerns in play. Investors are reallocating normal portfolio assets to silver, suggesting the surge could persist.
The new year has done nothing to stem the rally, with silver already up another 25% in its first two weeks. Spot silver prices surged to an all-time high above $93 per ounce during Thursday’s session before giving back some of those gains on Friday to trade around $90.
