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Silver Shatters Records as Supply Crunch Meets Geopolitical Storm
Ad Hock News Blog - Germany ^ | January 20, 2026 | Ad Hock News Blog - Germany

Posted on 01/21/2026 9:23:52 AM PST by Diana in Wisconsin

The price of silver surged to an unprecedented peak yesterday, closing at a historic high of $94.48 per ounce. This remarkable rally is fueled by a powerful combination of escalating geopolitical tensions and a severe, long-term physical shortage. With visible inventories dwindling, the psychologically significant $100 threshold is now within striking distance.

Key metrics underscore the scale of the move:

Previous Session Close: $94.48 USD (Record High)

Year-to-Date Performance: +30.75 %

Gain from 52-Week Low: +101.48 %

30-Day Volatility: 66.27 %

Beyond the headlines, a fundamental supply crisis provides a solid foundation for higher prices. The global silver market has been in a cumulative deficit since 2021, with the shortfall reaching approximately 820 million ounces. Surging industrial consumption, particularly from solar panel manufacturers and electric vehicle producers, continues to outstrip available supply.

Conditions in the physical market are showing acute stress. Available inventories tracked by the London Bullion Market Association (LBMA) have contracted to around 155 million ounces. Simultaneously, leasing rates for silver have skyrocketed to an unprecedented 8%, a clear indicator of tightness and frantic demand for immediate metal.

Geopolitical Tensions Ignite Demand

The immediate catalyst for the latest buying frenzy is a fresh geopolitical flashpoint. Markets are growing increasingly nervous after former (? - this is translated from German) U.S. President Donald Trump threatened eight European nations with punitive tariffs if they obstruct his plans concerning Greenland. The prospect of these duties potentially rising to 25% by June is driving a flight into hard assets.

Countermeasures are already under discussion in Brussels, ranging from reviving old tariff proposals to more drastic steps like the mobilization of U.S. bond holdings. This uncertainty is funneling substantial investor capital into tangible commodities. Although a temporary U.S. exemption for silver from import tariffs caused volatile swings last week, the overarching bullish trend remains firmly intact.

China's Export Policy Tightens the Squeeze

A new policy from China is exacerbating the global supply tightness. Since the start of the year, Beijing has reclassified silver as a strategic material and imposed restrictions on its export. Given China's role as a controller of a significant portion of worldwide exports, this move is fragmenting the market. In Shanghai, silver is already trading at a substantial premium, with prices equivalent to roughly $104 per ounce.

Having outperformed most major asset classes with its 30%+ gain this year, silver's momentum shows no signs of abating. If the current geopolitical and fundamental pressures persist, the key resistance zone between $98 and $100 is likely to be tested imminently. A decisive break above this barrier would solidify a lasting revaluation for the white metal.


TOPICS: Business/Economy; History; Miscellaneous; Politics
KEYWORDS: silver; silverprice

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If the current geopolitical and fundamental pressures persist, the key resistance zone between $98 and $100 is likely to be tested imminently. A decisive break above this barrier would solidify a lasting revaluation for the white metal.

Trump's Fault! Thank you, Mr. President. Mama Like! :)

1 posted on 01/21/2026 9:23:52 AM PST by Diana in Wisconsin
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To: delta7; aMorePerfectUnion

*PING*


2 posted on 01/21/2026 9:24:23 AM PST by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set.)
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To: Diana in Wisconsin

The party is just getting started!

Up and up it goes!
Where it stops, nobody knows!


3 posted on 01/21/2026 9:27:30 AM PST by Tom Tetroxide (Psalm 146:3 "Do not trust in princes, in the Son of Man, who has no salvation.")
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To: Diana in Wisconsin

There’s a silver lining line in there somewhere.


4 posted on 01/21/2026 9:29:26 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Diana in Wisconsin

The Walking Liberty on my Silver Eagles isn’t walking- it’s dancing!


5 posted on 01/21/2026 9:34:00 AM PST by telescope115 (Ad Astra, Ad Deum…)
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To: Diana in Wisconsin
Instead of buying Three Stooges DVDs I should have been buying Three Stooges silver rounds. Oh, well. Live and learn.


6 posted on 01/21/2026 9:41:05 AM PST by Leaning Right (It's morning in America. Again.)
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To: Diana in Wisconsin

world yearly mine supply is well below overall yearly demand, and has been for 7 years.

At some point, selling grandma’s silver for melt runs out.

Seems we have reached that point.


7 posted on 01/21/2026 9:46:16 AM PST by PGR88
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To: telescope115

I used to have some of those walking eagles; but they walked. Guess I need to get some more.


8 posted on 01/21/2026 9:55:53 AM PST by Migraine
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To: telescope115

I have a few of them. Beautiful coin.


9 posted on 01/21/2026 10:03:36 AM PST by bray (It's not racist to be racist against races the DNC hates.)
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To: Diana in Wisconsin

I bought a few thousand dollars worth around 1997 when it was around $4 an ounce. Still have it in the original mint boxes.


10 posted on 01/21/2026 10:17:46 AM PST by ExpatCanuck
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To: Diana in Wisconsin

“Surging industrial consumption, particularly from solar panel manufacturers”

Material ρ (Ω•m) at 20 °C Resistivity

Silver 1.59×10−8
Copper 1.68×10−8
Aluminum 2.82×10−8

https://www.thoughtco.com/table-of-electrical-resistivity-conductivity-608499

“Among metal additive manufacturing technologies, the two most widely used forms are direct energy deposition (DED)... and powder bed fusion (PBF), and in PBF, it is further divided into selective laser melting (LPBF) with a continuous laser as the energy source (accounting for 82% of the PBF market in 2016) and electron beam powder bed melting (EBPBF) with an electron beam as the energy source.

“In terms of applicable materials, nickel (Ni)-based, titanium (Ti)-based, aluminum (Al)–copper (Cu)-based, iron (Fe), zinc (Zn), tantalum (Ta)-based, molybdenum (Mo)-based alloys and alloys such as 316L and 304 stainless steel all show good results in the LPBF process”

https://www.mdpi.com/2072-666X/15/7/846


11 posted on 01/21/2026 10:22:53 AM PST by Brian Griffin
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To: Diana in Wisconsin

I smell tulips.


12 posted on 01/21/2026 10:25:32 AM PST by greenbrier
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To: Diana in Wisconsin

https://solarpanelquestions.com/how-much-silver-in-a-solar-panel-key-insights-revealed/

A 100-watt rated thin film panel would have about 1/6th of an ounce of silver, a polycrystalline panel about 1/4th of an ounce.

Efforts are being made to reduce the amount of silver used.


13 posted on 01/21/2026 10:25:56 AM PST by Brian Griffin
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To: Diana in Wisconsin

It was a 20 to silver to gold ratio when fdr stole the contries gold, then he devalued the gold to $35 making it a 35 to 1 ratio, just about back to where it was, still more to go...


14 posted on 01/21/2026 10:29:19 AM PST by eyeamok
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To: Leaning Right
In 2010 I got divorced. I was desperate to hold on to my farm and I had a stash of Krugerrands I inherited from my Grandpa.

I had to cash them in to keep afloat for a number of months while we duked things out and the dust settled. I had to pay my Ex in our divorce for HIS bad behavior - still p*sses me off to this day! This is the same jerk that stole $100,000.00 from our joint investment account before I figured out what was going on.

Happy Ending, though! I got to keep my farm and later sold it at a nice profit, but I really wish I hadn't of had to cash in those coins back in when I did.


15 posted on 01/21/2026 10:31:10 AM PST by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set.)
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To: greenbrier
A great read/cautionary tale:


16 posted on 01/21/2026 10:37:02 AM PST by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set.)
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To: Diana in Wisconsin

“...the white metal....”

Mostly I see it as having a silver color.

Is somebody trying to say that Ag is racis’?


17 posted on 01/21/2026 10:45:36 AM PST by Paladin2 (YMMV)
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To: Diana in Wisconsin

Could be that over $45 trillion of government debt in the US, over $50 trillion of unfunded liabilities. continued increased deficits with virtually every “funding” bill passed , a political subclass that hates America, hates productive capitalism and celebrates dependency has more to do with the loss of faith and value of the US dollar and the corresponding spike in precious metal values.

BTW despite the fact that Trump is not the prime instigator of this disaster, the final collapse may occur on his watch and he and the Republicans will be blamed forever for the destruction of the American nation and its way of life.


18 posted on 01/21/2026 10:53:59 AM PST by allendale
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To: Diana in Wisconsin

Except Silver really does have a use case.


19 posted on 01/21/2026 10:58:51 AM PST by Vermont Lt
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To: Diana in Wisconsin

In the HVAC industry we use 15 percent silver brazing rod. The price jumped from $185 per package to over $400 per. I called around and one supplier didnt get the memo so I bought 12 packages today for $185. I’ll probably regret not buying more.


20 posted on 01/21/2026 11:05:02 AM PST by Sawdring
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