FX.co ★ Silver Gains at 2026 Open

Silver prices surged to approximately $73 per ounce on the first trading day of 2026, following a record-breaking performance last year. The precious metal experienced an impressive 148% increase in 2025, surpassing several critical thresholds. This rise was buoyed by its recognition as a critical mineral in the United States, sustained by tight supply conditions, low stockpiles, and robust industrial and investment demand. The upward momentum has been further bolstered by the implementation of comprehensive US trade tariffs and expectations of more accommodative US monetary policy. Insights from the FOMC's December meeting, released earlier this week, indicated a growing willingness to consider rate cuts should inflation continue to recede, despite ongoing disagreements among policymakers regarding the timeline and extent of these adjustments. Additionally, geopolitical factors have enhanced silver's appeal as a safe-haven asset, with the US intensifying restrictions on Venezuelan oil exports and renewed hostilities between Russia and Ukraine over the New Year period, disrupting Black Sea ports and crucial energy infrastructure.