After silver’s massive price rally, it may be time to take profits while momentum lasts – HSBC

Kitco News ^ | 1/27/26 | By Ernest Hoffman

[Presbyterian Reporter]

(Kitco News) – After a price increase of more than 200% year-over-year has pushed the gold:silver ratio to multiyear lows, it may be time for silver investors to take profits, according to analysts at HSBC.

"After a year-on-year rise of more than 200% in the silver price, you may wonder if it’s time to sell the family silver!” they wrote in an update published Tuesday. “The rally has flipped the gold/silver ratio (the number of ounces of silver that can be bought with one ounce of gold) from being unusually high in April 2025 to unusually low now, despite gold rising by around a third in that time."

"It’s unlikely that silver has become a new safe-haven asset,” the analysts warned. “What’s more likely is that, as it began to catch up with gold, momentum took over and retail investors joined in, just as industrial demand has been picking up."

HSBC has been striking cautionary notes on precious metals since the start of the year. On Jan. 8, the bank’s analysts warned that mounting geopolitical risks and rising debt could push gold prices as high as $5,050 per ounce in the first half of 2026, but this could also mean a more significant pullback in the second half.

---

TOPICS:
KEYWORDS: massivepricerally; silver

[Presbyterian Reporter]

Another good day for silver and gold

[Presbyterian Reporter]

The US Dollar Index dropped 1.3% today to a new low of 98.765.

The last time the dollar was this low was in the 2022-23 time period.

https://stockcharts.com/freecharts/pnf.php?c=%24USD,PLPADANRBO[PA][D][F1!4!0.25!!2!20]

[Presbyterian Reporter]

oops dollar is at 95.785

https://stockcharts.com/freecharts/pnf.php?c=%24USD,PLPADANRBO[PA][D][F1!4!.25!!2!20]

[BradyLS]

I don’t think gold has become scarcer.

I think the dollars have become more numerous.

[kvanbrunt2]

HSCB usually holds big short positions in silver. Of course they want you to sell.

[hillarys cankles]

Really considering selling a large chunk of my silver to pay for a large house remodel job and a couple other large purchases.

[Leaning Right]

> it may be time for silver investors to take profits, according to analysts at HSBC <

Being a financial analyst is probably the best job in the world. Because you can say pretty much anything you want. People will usually only remember your correct calls.

I think I’ll give it a try:

It might be time to sell silver.
Or it might be time to buy silver.
Or it might be best to do nothing for now.

Where do I go to pick up my Nobel Prize in Economics?

[dpetty121263]

Outside China JP Morgan is #2 owner of hard metal and has been buying up Silver like crazy! Money always knows what is going down!

[BipolarBob]

Yes, please sell and bail out the silver manipulators.

[Repeat Offender]

I started scrolling before posting nearly the same thing.....HSBC doesn’t want to get caught in a squeeze.

[Tom Tetroxide]

They were saying this at the $50 handle. Why do they insist on people selling?

[oil_dude]

Please sell your silver so Wall Street Traders can buy it! Don’t be so greedy! Accept our fake narrative that silver is not good for you any longer!

[Nervous Tick]

>> it may be time for silver investors to take profits

WHAT??!? Trade in your precious shiny Metal for worthless fiat currency??! C’mon man! That’s HERESY.

[Bartholomew Roberts]

It was at a new high yesterday! It’ll take a while before there is a lasting negative slide.

I, for one, am waiting until it is $250 an ounce before selling any.

[Tom Tetroxide]

Gold and Silver Prices Reach Record Levels
https://thenewamerican.com/us/economy/gold-and-silver-prices-reach-record-levels/?mc_cid=166f0e19be&mc_eid=d0e7286f66

The message seems clear: Keep a weather eye on the dollar and the debt — and don’t sell your grandmother’s silver spoons just yet!

[volare737]

The following quote has been attributed to the philosopher, Voltaire, but it can’t be proven that he (or anyone else) really said it. Regardless, it is probably true,,,,,,,,

History has shown that “paper money eventually returns to its intrinsic value, zero”.

[Blennos]

Excellent prognostication. I’m definitely going to follow your advice. I’m going to buy, sell or hold. Can’t lose.

[ClarityGuy]

Well, it can make you turn blue.

[CPT Clay]

Nope, not gonna sell

[rolling_stone]

what you said..!!!