empty
 
 

2026.01.2803:42:52UTC+00Silver Extends Rally as Dollar Sinks

Silver surged to approximately $115 per ounce on Wednesday, reaching new record highs as investors turned to safe-haven metals amidst a sharp decline in the dollar's value. Remarks made by US President Donald Trump, expressing indifference towards the dollar's recent depreciation—its weakest performance in four years—strengthened the belief that the administration is at ease with a weaker dollar to enhance export competitiveness. Additional policy uncertainties in Washington, including Trump's tariff threats against other countries and his criticisms of the Federal Reserve's independence, further bolstered the uptick in precious metals. In China, a dedicated silver fund halted trading as soaring demand caused its premium to rise significantly above the value of its underlying assets. Silver continues to attract substantial interest from retail investors in China, with prices consistently climbing, prompting manufacturers to pivot production from jewelry to 1-kilogram silver bars.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback