Silver: Exceptional rally continues – ING
By FXStreet Insights Team
Date Published: 26 Jan 2026 | Date Modified: 26 Jan 2026
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Silver has broken above the $100/oz mark for the first time, extending an exceptional rally. Prices surged nearly 150% last year and have increased by 40% year-to-date, significantly outperforming Gold. This strength is attributed to resilient safe-haven flows and robust industrial demand.
Silver has broken above the $100/oz mark for the first time, extending an exceptional rally. Prices surged nearly 150% last year and have increased by 40% year-to-date, significantly outperforming Gold. This strength is attributed to resilient safe-haven flows and robust industrial demand. Ewa Manthey, Commodities Strategist at ING notes.
Silver breaks above $100/oz
"Support for silver has been reinforced by a weaker US dollar, lower real yields, and stronger investor appetite for hard assets amid heightened policy uncertainty. Silver has also been boosted by a historic short squeeze and strong retail buying."
"At the same time, industrial demand - particularly from solar, electrification, and grid infrastructure investment - has tightened the physical market at a time when mine supply growth remains limited."
"Despite these risks, the broader setup remains constructive. Strong industrial demand, tight physical balances, and solid investor interest continue to support the market."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
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