Silver on the rise – the spot silver price has broken through successive barriers

robot
Abstract generation in progress

The silver market showed significant momentum in mid-January, as the spot silver price experienced a solid increase. According to data from Golden Ten Data, current quotes indicate a clear revival of investor interest in this precious metal.

Spot Silver Price Rise in the Spot Market

On Monday, January 14th, the spot silver price increased by 4.00%, reaching $90.41 per troy ounce. The rise was widely observed across all major trading platforms, indicating genuine market interest. This movement broke through previous resistance levels and suggests growing investor appetite for safe assets.

New York Futures Confirm Upward Trend

Positive momentum was also evident in the futures market. New York silver futures contracts reached $90 per ounce, with a daily increase of 4.24%. This stronger change compared to the spot market indicates significant involvement from institutional players, who are shifting to futures markets for greater exposure.

Both the spot silver price and its futures counterpart signal a potential acceleration in silver price growth in the coming weeks.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)