2026-01-19 13:27:24

This morning, silver spot prices briefly surged to $94.1/oz, hitting a record high before consolidating around $93. This move is impressive enough, but more importantly, it continues the momentum that started at the beginning of 2026—up over 19% in January alone, which is quite remarkable.

The current sideways range actually corresponds to the resistance zone formed last week. Interestingly, the price repeatedly tests this level without a clear pullback, indicating that the market is digesting the resistance. The constraints of those previous resistance levels are gradually weakening.

From a technical perspective, the 5-day moving average on the daily chart has risen to around $91, aligning with the starting point of the recent bullish surge. Below that, the $90 support level after last week's breakout provides a double support. The $90-91 range is actually a good entry point for long positions with a favorable risk-reward ratio—once stabilized, the rebound's profit potential is quite substantial. Further down, the $87-86 level has become a new strong support, serving as the upper boundary of the previous consolidation zone, and may also be the starting point for the next upward move, offering a safety margin for the subsequent trend.

The fundamental reason behind such a strong rally is the resonance of supply and demand, policy, and macroeconomic factors. Supply and demand are especially critical—global silver has been in a shortage for six consecutive years, and the supply-demand gap is expected to widen to 7,000-8,000 tons by 2026. Major exchanges' inventories are at decade lows, and the pressure to replenish stocks remains. Supply-side constraints are particularly severe, with 70% of silver...

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CryptoComedian

· 5h ago

Silver is really playing with heartbeat this time. Dare to push the all-time high of $94, and us retail investors can only watch with wide eyes. A shortage of 7,000-8,000 tons over 6 years? Basically, it means inventory is running out. That's the real logic behind the price increase. I remember the 90-91 level. When it drops back down, I'll make a move. As for the safety margin, it's really just an excuse to justify losses. Pressure levels are being broken one after another. It feels like we're building ladders to climb up. The new support at 87-86 is so solidly established—is it genuine, or is it just setting another trap for us? We can only gamble.

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FlatTax

· 01-19 13:53

Silver is really strong this time, breaking through $94. With such a large supply and demand gap, can it continue further?

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LayoffMiner

· 01-19 13:46

This wave of silver is truly amazing, soaring 19% directly. But I will still be cautious and wait for a pullback to 90 before jumping in.

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MetaverseMigrant

· 01-19 13:44

Silver's recent surge is really fierce, with a 19% increase achieved in January—quite extraordinary. Really, the 90-91 level is indeed worth buying, with considerable profit potential. The supply-demand gap is 7,000-8,000 tons, which sounds quite significant... inventories are at their lowest in ten years, making it very scarce. The pressure is gradually easing, the market is digesting it, can it push further later? If the 87-86 level holds, it will be stable, and the safety margin is quite good. New all-time highs have been reached, and if you're greedy, you might want it to go higher? Haha. January's rise was so strong, February might need a correction, it can't keep going this fiercely forever. The supply gap for silver is right there, no wonder it's so strong; the logic still holds. This sideways consolidation is actually a recharge period, it looks like a big move is brewing.

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NotGonnaMakeIt

· 01-19 13:43

Silver this wave is really amazing, 19% in a month? I'm honestly stunned. But speaking of which, that high point at $94 feels a bit fake. Now hovering around $93 and hesitating repeatedly—are they just trying to trigger stop-losses? Honestly, I'm a bit tempted by the $90-91 range, but my luck isn't that great. I think I'll wait and see if it can drop back to $88 before making a move.

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GhostAddressMiner

· 01-19 13:36

94.1 That moment I was thinking, with such neat numbers, how many big players are behind the scenes manipulating... Wait, a shortage of 7,000-8,000 tons over 6 years? Where does this data come from? I haven't been able to trace the corresponding inventory transfer on the blockchain, it's too suspicious.

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