Gold, silver hit new record highs on safe-haven demand, bullish charts

Kitco Media ^ | By Jim Wyckoff

[Presbyterian Reporter]

(Kitco News) - Gold prices a bit higher in early U.S. trading and silver prices are soaring and closing in on $100.00 an ounce. Both metals hit new all-time highs overnight. Ongoing safe-haven demand and chart-based buying amid firmly bullish technicals continue to drive the precious metals prices north. February gold was last up $11.10 at $4,924.50. March silver prices were up $2.413 at $98.78.

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TOPICS: News/Current Events
KEYWORDS: bubble; gold; goldprice; multiplenicks; silver; silverprice

[Presbyterian Reporter]

In overnite trading GOLD reached $4968.30 and SILVER reached $99.92.

Will Jan 23, 2026 be the day where GOLD goes over $5000 per ounce and SILVER goes over $100 per ounce?????

[Presbyterian Reporter]

Here are the links for the up-to-the-minute prices for silver and gold——

https://www.kitco.com/charts/silver

https://www.kitco.com/charts/gold

[Polanski]

Those Fox News constant ads during the 90s are finally gonna pay off.

[bray]

Silver is over $100 which is crazy.

[Carry_Okie]

Just remember: The “Dollar” was originally defined as 1oz of silver.

[Presbyterian Reporter]

“””Just remember: The “Dollar” was originally defined as 1oz of silver.”””

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Good point.

Way back then what you could buy for one dollar now costs one hundred dollars. Not quite that bad, but it is close.

[sauropod]

Bkmk

[Presbyterian Reporter]

“””Just remember: The “Dollar” was originally defined as 1oz of silver.”””

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I remember Silver Dollars being in circulation in the 1960’s.

Am I accurate in saying that?

[Sirius Lee]

Pre-1964 dimes, quarters, halfs, and dollars were silver, so yes.

[Bon of Babble]

Shows a weakening American dollar..

[Presbyterian Reporter]

Here is a link to a point and figure chart for silver.

https://stockcharts.com/freecharts/pnf.php?c=%24SILVER,PLPADANRBO[PA][D][F1!4!2.5!!2!20]

During most of 2022 silver could have been purchased for $18.00 per ounce.

Thanks to Biden’s INFLATION REDUCTION ACT the FEDS flooded the markets with inflationary dollars and that is one of the reasons silver is now at $100 per ounce.

INFLATION REDUCTION ACT or AFFORDABLE CARE ACT show how corrupt the DEMOCRATS are. The ACTS executed by the Democrats are the exact opposite of what the words say.

[Jim Noble]

The US silver dollar was standard as .7731 oz silver from 1794-2020. In 2021 the mint began to issue current date silver dollars containing .858 oz silver.

The price of the current date silver dollars was just increased from $91 FRN to $169 FRN, maybe the mint guys know where silver is going.

Until 1968, you could convert a $1 silver certificate at the bank for .7731 oz silver in your hand, so if you do the math at the current price of $100/oz you can see that a 2026 dollar is worth 1.2 1968 cents.

[volare737]

Exactly. If Trump gets his way with lower interest rates, the dollar will be devalued even more—putting more upward pressure on precious metals!

[volare737]

If you have any real coins, 1964 and earlier, this is amazing…

a dime is worth over $7, a quarter over $18, a half dollar over $36, and any Peace or Morgan silver dollars over $77.

Inflation is devastating and it continues with the Fed targeting 2% (ridiculous since inflation compounds every year)—btw, they have not achieved that in 55 consecutive months!

[Steven Tyler]

Gold hit $100 per ounce approx. 11:34 AM Jan 23 2026

[fhayek]

I will buy all you have!

[Presbyterian Reporter]

“””Gold hit $100 per ounce approx. 11:34 AM Jan 23 2026”””

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I believe you meant to write -— SILVER.

[CraigEsq]

“Just remember: The “Dollar” was originally defined as 1oz of silver.”

Well it was 0.77 oz, but pretty close. $77 in today’s dollars.

[telescope115]

Those were the days…..

[vetvetdoug]

I’m shaking my head. In the last three years I’ve purchased over $100K worth of gold and silver and today it’s worth twice what I paid for it. Ammo and hard liquor hasn’t increased in value that fast.