Gold crosses the $120 mark in New York, marking a new historical milestone

wrekt_but_learning · 2026-02-09T16:02:20+00:00

The silver market is experiencing remarkable growth, with prices surpassing $120 per ounce for the first time. This surge reflects increasing investor interest and signifies renewed confidence in silver as a safe-haven asset. As demand continues to rise, analysts predict that silver prices may reach new highs in the coming months, encouraging more investors to consider it a reliable store of value during economic uncertainty. The market's momentum suggests that silver could play a crucial role in diversified investment portfolios, especially as global economic conditions remain volatile.

wrekt_but_learning

2026-02-09 16:02:20

Abstract generation in progress

The silver market is experiencing a remarkable surge. In New York, the price of this precious metal has surpassed the symbolic $120 per ounce mark for the first time, setting a new record. This spectacular rise indicates sustained bullish momentum in the precious metals markets.

Market Momentum in January: An Impressive Increase

According to data compiled by Jinshi and reported by ChainCatcher, futures contracts on silver in New York increased by 5.73% on the very day this historic milestone was reached. More broadly, since the beginning of 2026, silver has experienced an exceptional rise, reaching nearly $50 per ounce in just one month. This acceleration reflects growing investor interest in this precious metal.

The Significance of a New Record for the Market

Breaking the $120 threshold is particularly significant for market participants. This new record not only signifies a recovery in prices but also a renewed confidence in silver as a safe haven and investment asset. The observed price movements suggest a revitalization of the precious metals sector, attracting both institutional investors and individual investors interested in alternative investments.

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