Silver has surged to triple digits for the first time in history. The spot price touched $100 on Friday morning, marking one of the most dramatic repricings in modern commodity history.A year ago, silver traded at $30.5 per ounce, but unlike past silver manias, driven primarily by speculative excess, the current surge is different. Persistent deficits, inelastic supply, and tightening geopolitical control formed a precious metal juggernaut – a force that pushed beyond levels just recently thought unattainab ...

Core Viewpoint - The palladium market is experiencing a significant rally driven by supply constraints, with the abrdn Palladium ETF Trust (PALL) seeing a 92% increase over the past year, reaching approximately $168, raising questions about the sustainability of this rally [1]. Group 1: Supply Dynamics - Approximately 80% of palladium demand is derived from automotive catalytic converters, making it primarily an industrial metal [1]. - The majority of global palladium supply is controlled by Russia and South Africa, where geopolitical tensions and mining challenges have led to periodic shortages [2]. - A notable rally occurred in October, breaking through two-year resistance levels, with increased trading volume indicating a recognition of the supply-demand imbalance [3]. Group 2: Market Challenges - Elevated palladium prices may incentivize producers to increase output, but there are structural challenges, including the substitution of platinum in gasoline engine catalytic converters and the long-term shift towards electric vehicles [4]. - Investors are advised to monitor automotive production data and quarterly earnings from major palladium producers for early signals of demand shifts or supply responses [5]. Group 3: ETF Mechanics - The PALL ETF tracks spot palladium prices minus its expense ratio, holding actual metal in vaults rather than futures contracts, which eliminates rollover costs but limits leverage [6]. - Recent trends indicate a compression in PALL's average daily range and a decline in trading volume, suggesting a consolidation phase rather than strong conviction among traders [6]. Group 4: Future Outlook - Over the next 12 months, it is crucial to observe whether automotive demand remains stable despite the rise of electric vehicles and whether the current supply tightness is temporary or structural [7].

黄金又双叒叕创历史新高了！ 国内品牌金饰价格更是单日大幅跳涨，1月23日老庙黄金足金报价1548元/克，单日上涨52元/克；周生 生报价1545元/克，单日上涨53元/克；老凤祥报价1538元/克，单日上涨43元/克，均站上历史高位。 1月，伦敦现货黄金从每盎司4300美元附近一路上扬，23日盘中一度超过每盎司4960美元，月内涨幅近 15%。 受此影响，上海黄金交易所现货黄金价格、上海期货交易所上市的黄金期货主力合约23日盘中均突破每 克1110元，多家品牌金店的足金饰品报价突破每克1500元关口，一些品牌的足金饰品报价达每克1548 元，较前一日单克上涨超50元，再创历史新高。 国际银价也迎来突破，现货白银站上96美元/盎司。 在美联储降息预期、地缘政治风险等多重因素推动下，各大机构纷纷上调黄金目标价，金价向5000美元 关口发起冲击，贵金属市场迎来历史性行情。 内外金价齐创新高 1月23日早盘，现货黄金直线拉涨，盘中最高触及4967美元/盎司，纽约期金同步突破4960美元/盎司。 回溯行情，当地时间22日尾盘现货黄金已突破4900美元/盎司，日内涨超2%，本周涨幅超7%、涨超300 美元/盎司，1月以来 ...

记者丨李益文 编辑丨叶映橙 视频丨 陈泽锴 | | | 贡記馬 | | | --- | --- | --- | --- | | 名称 | 现价 | 涨跌 | 涨跌幅 | | 伦敦金现 | 4950.150 | 14.190 | 0.29% | | 伦敦银现 | 98.709 | 2.562 | 2.66% | | COMEX黄金 | 4951.8d | 38.4 | 0.78% | | COMEX白银 | 98.515d | 2.143 | 2.22% | | SHFE黄金 | 1114.66 | 26.76 | 2.46% | | SHEE自辑 | 24879 | 1870 | 8.13% | 国际金价的飙升迅速传导至国内市场， 国内多数知名金饰品牌报价刷新1500元/克。其中，老庙黄金报1548元/克，较昨日上涨52元/克；周生 生报1545元/克，较昨日上涨53元/克。 1月23日，国际黄金市场迎来大幅上涨，现货黄金一举站上4950美元/盎司关口，刷新历史最高纪录，最高触及4967.37美元/盎司。COMEX黄 金期货价格同步走强，最高触及4970美元/盎司，距离5000美元整数关口仅一步之遥。 | 陶 ...

Core Viewpoint - The A-share market opened with all three major indices rising, indicating a positive market sentiment at the start of trading [1] Group 1: Market Indices Performance - The Shanghai Composite Index opened up by 0.18%, reaching 4130.11 points [1] - The Shenzhen Component Index opened up by 0.15% [1] - The ChiNext Index opened up by 0.16% [1] Group 2: Sector Performance - Gold and silver prices reached new highs, leading to increased activity in gold and silver stocks [1] - The silver and non-ferrous metals sectors saw stocks hitting the daily limit [1] - The pharmaceutical retail and photovoltaic equipment sectors opened higher, while the oil and gas extraction and service sectors experienced a decline at the beginning of trading [1]

Core Insights - Silver's performance has significantly outpaced gold, with a return of 145% in 2025 compared to gold's 64% rise, and it has continued this trend into 2026 with a 25% return in the first two weeks while gold rose 6% [1] Group 1: Interest Rates - The U.S. Federal Reserve cut interest rates three times in 2025, with a forecasted over 60% likelihood of another rate cut by June 2026 [2] - Lower interest rates enhance the attractiveness of precious metals like gold and silver, as they are non-yielding assets compared to dividend stocks or bonds [3] Group 2: Industrial Demand for Silver - Industrial demand for silver is increasing, driven by its applications in electric vehicles, solar panels, and semiconductors, among other technologies [4][5] - The rise of solar panels, which require significant amounts of silver, is a major catalyst for increasing silver demand, especially as major economies focus on decarbonization [5] Group 3: Supply Constraints - Silver's supply cannot be easily increased, which may lead to further price momentum as demand continues to rise [6] - U.S. solar capacity is projected to grow by 70 gigawatts in 2026 and 2027, translating to a 49% increase from late 2025 levels, potentially consuming an additional 143 million ounces of silver [7] - The global energy transition, particularly in countries like China, is expected to drive hundreds of millions of ounces in new silver demand in 2026 [8]

Core Viewpoint - The article discusses the current state of inflation and its implications for the economy, highlighting the challenges faced by consumers and businesses due to rising prices [1]. Group 1: Inflation Trends - Inflation rates have been increasing, impacting various sectors and consumer spending patterns [1]. - The article notes that certain commodities have seen significant price hikes, contributing to overall inflation [1]. Group 2: Economic Impact - Rising inflation is leading to increased costs for businesses, which may affect profit margins and investment decisions [1]. - Consumers are feeling the pinch as their purchasing power diminishes, leading to potential shifts in spending behavior [1].

VANCOUVER, BC / ACCESS Newswire / January 22, 2026 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF), a growing Mexico-based precious metals producer, is pleased to announce it has been named to the 2026 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. ...

Core Insights - The Whistler Conference is recognized for setting the tone for the year in the investment community, particularly in the precious metals sector [1][2] Group 1: Conference Overview - The 29th Annual CIBC Western Institutional Investor Conference is referred to as the Whistler Conference, highlighting its significance in the industry [1] - The conference features a royalty panel, indicating a focus on companies involved in royalty agreements within the precious metals market [1] Group 2: Presentation Format - Each CEO participating in the conference is allotted a 5-minute presentation before engaging in a fireside chat, allowing for structured discussions [2] - The order of presentations is determined alphabetically, simplifying the process for attendees [2]

Core Insights - Spot gold prices reached a new high of $4,888 per ounce, sparking speculation about the potential to hit $5,000 [1][8] - The recent rally in gold prices is attributed to geopolitical uncertainties and economic turmoil, leading investors to seek safe-haven assets [3][5] Market Performance - Gold prices recently traded around $4,800 but experienced a slight decline as market tensions eased [2] - Silver, another precious metal, also saw a decrease in value following its strong performance [2] Investment Trends - The "dollar-debasement trade" has gained attention as gold prices surged, with investors using gold as a hedge against economic and political instability [3][5] - Precious metals, particularly gold and silver, were among the top-performing asset classes in 2025, with silver achieving a 146% gain [4] Central Bank Activity - Central banks have increased their gold reserves, with estimates suggesting that gold's share of total central bank reserves may have reached a record high of nearly 30% [6][8] - The U.S. dollar index has declined by almost 9% over the past year, while the SPDR Gold ETF has risen by over 75% during the same period, indicating a shift in investor preference [7][8]