Silver price surges past $100 an ounce as speculative buying intensifies; gold nears $5,000

Spot silver prices were last up 5.1% at $101 per troy ounce on January 23. The price is up 40% since the beginning of 2026 after rallying by 147% in 2025. Gold hit a record high of $4,988 per ounce on Friday.

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