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