Silver prices rise over 5 percent, crossing $91 mark for first time in history

Traders responded quickly to fresh U.S. inflation data, amplifying silver’s appeal as a safe haven

Spot silver prices shattered records on Wednesday, breaking through the $91 per ounce barrier for the first time ever amid a confluence of macroeconomic and geopolitical pressures. This marked a more than 3 percent intraday gain, pushing the metal to new heights following a year of explosive growth. Traders reacted swiftly to fresh U.S. inflation data and persistent global tensions, amplifying silver’s appeal as both an industrial commodity and safe-haven asset. Silver is currently trading 5.01 percent higher at $90.72.

Silver spot prices climbed above $90 per ounce by early GMT trading on Wednesday, surpassing the previous day’s close around $88. This breakthrough followed a sharp rebound from recent volatility, with the metal up over 1.67 percent on the session to reach $89.63 before the pivotal push higher. Year-to-date in 2026, silver has surged more than 12-14 percent, outpacing even gold’s gains amid tightening gold-silver ratios near historic lows of 52.3. From $81.3 on January 6 to nearly $90 by mid-January, the trajectory reflects unrelenting momentum, with intraday highs testing $90.05. On January 13, prices hovered at $88.39-$88.49, setting the stage for the record break. This positions silver nearly 200 percent higher than January 2025 levels, underscoring its transformative bull run.