Gold and silver extend rally
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Silver has had quite the run-up over the last year, climbing from a mere $29 per ounce at the start of 2025 to almost $80 per ounce by the end of it. As of January 6, 2026, the price of silver sits at $80.62, according to American Hartford Gold.
Silver surged Tuesday, with analysts attributing the metal’s gains to China’s restrictions on silver exports—criticized by Elon Musk—and the U.S. capture of Nicolás Maduro.
Silver prices notched a fresh record Tuesday, ending above $80 a troy ounce for the first time. The metal's dizzying 177% climb since the start of 2025—including 15% already this ye
Even after a 7 percent drop, silver is up more than 155 percent this year, outperforming gold by a wide margin.
Silver had a historic run late last week in what has been a record year for precious metals, rising nearly 10% on Friday alone and smashing through record prices by surpassing the $78 mark for the first time ever.
Experts expect silver prices to shift further in 2026 as demand and inflation further impact precious metal prices.
I think we have to watch very closely as to whether or not we can break out above the $80 area, as it is not only resistance, but a large, round number.
Silver prices on Monday suffered their largest single-day drop in almost five years, before rebounding nearly 8% in midday trading on Tuesday. Some other precious metals, including gold, rode a similar rollercoaster.
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In the new year, gold and silver are anticipated to accelerate in price after major upswings in 2025. Silver started 2025 priced at roughly $30 per ounce before skyrocketing to $70, while gold jumped from $2,600 per ounce to a high of more than $4,300.
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