Silver Breaks $100
Folks, if you’re into precious metals like I am out here panning for gold in the Arizona dirt, yesterday—January 23, 2026—was one for the history books. For the first time ever, the spot price of silver smashed through the $100 per ounce barrier, hitting an intraday high around $103 before pulling back slightly. As of this morning (January 24), it’s holding firm near $101, still in triple-digit territory after massive gains.
Silver Breaks $100
This isn’t just a random spike—it’s the culmination of a massive rally. Silver surged over 40% just this month and more than 236% over the past year, fueled by safe-haven buying, industrial demand (solar, electronics), supply shortages, and plenty of retail momentum.
To put it in perspective:
- Back in January 1980, during the Hunt Brothers frenzy, silver peaked at about $50 per ounce—a nominal record that stood for decades.
- In April 2011, post-financial crisis QE fears pushed it to around $49.80. Both times, the highs were short-lived, followed by sharp corrections (silver crashed over 50% in 1980 and spent years grinding lower after 2011).
Now? We’ve doubled those old nominal highs. Adjusted for inflation, the 1980 peak would be well over $150 today—so this $100+ level is truly uncharted territory in real terms too.
One big driver behind silver’s outperformance has been the gold-silver ratio, how many ounces of silver buy one ounce of gold. For decades, that ratio hovered around eighty or ninety—meaning gold was way overpriced compared to silver. Lately it flipped: down to about forty-three. That compression means silver ran harder to catch up. But now it’s reversed—ratio creeping back up toward fifty. When gold starts outpacing silver again, that’s usually a heads-up: either silver cools, or gold explodes. Either way, the gap closing might signal silver’s leg is slowing while gold’s just getting started.
As a gold prospector and long time Morgan silver dollar collector, I’m thrilled to see silver finally get its due alongside gold’s run. But history reminds us: parabolic moves like this often pause for breath—or worse. Enjoy the milestone, lock in some profits if you’ve been in since the $30s or lower, and keep stacking smart.
Disclaimer: This post is for informational and entertainment purposes only. It is not financial, investment, or legal advice. Precious metals prices are highly volatile and can change dramatically. Past performance does not predict future results. Always do your own research, consult a qualified financial advisor, and never invest more than you can afford to lose. The author is not responsible for any decisions based on this post.
Silver Breaks $100
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silver slab – example only
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