Silver Hits Historic ATH: $85 Breached – Is $100 Next?
It is Tuesday, January 13, 2026, and the commodity markets are in a state of emergency. Trading screens are flashing green, and a historic milestone has fallen: The price of silver has officially breached the $85 mark.
With a current price of 85.18 USD (approx. 73.07 EUR) per troy ounce, we are witnessing the most aggressive breakout in the precious metal's history. Within the first two weeks of the year alone, silver has delivered a performance of around 21%. What was considered a bold prediction at the end of 2025 is now reality: Industrial scarcity is colliding with a wall of buy orders.
The Perfect Storm: Why Silver is Exploding
The reasons for this parabolic rise are fundamental and were already signaling late last year. Three main factors are currently driving the price to unknown heights:
1. The China Shock is Here
As of January 1, 2026, China's strict export restrictions on silver are in effect. What started as a move against "Involution" and to protect domestic industry has now hit the global market with full force. The "Great Silver Wall" stands. Western technology companies, dependent on refined silver from the East, are now panic-buying stocks on the COMEX and LBMA, further bleeding inventory levels dry.
2. Market Cap: Silver Solidifies 3rd Place
Already by late December 2025, silver had surpassed tech giant Apple in global market capitalization. With today's price jump to over $85, silver is massively extending this lead. This "Flipping" was not a short-term phenomenon but a revaluation of tangible assets over pure growth stocks.
3. Industrial Panic
As Elon Musk previously warned, companies like Tesla and SpaceX require physical silver for their production. The combination of China's export ban and the insatiable hunger of the AI and solar industries is leading to a classic "Supply Shock."
Voices from Major Banks and Experts
Analysts who considered price targets of $50 ambitious just a few months ago are now hastily adjusting their models.
- Goldman Sachs: The US investment bank, which already predicted rosy times for gold in 2026, now sees no ceiling for silver either. Internal memos suggest that industrial demand exceeds supply by more than 200 million ounces.
- Citigroup & Bank of America: Technical analysts point to the breaking of resistance at $75. Since there are hardly any historic sell orders above this mark (Price Discovery Mode), the path of least resistance is steeply upwards.
- The Silver Institute: Michael DiRienzo warned last year that the global deficit would drive the price. This assessment is now being confirmed with brutal speed.
Forecast: The Road to the $100 Mark
With the breach of $85 USD, the magical triple-digit mark is within reach. The gold-silver ratio, which was around 62.5 at the end of 2025, is beginning to shift further in favor of silver.
| Scenario | Price Target (USD) | Probability 2026 |
|---|---|---|
| Base Case | 95 - 105 USD | High (Q2 2026) |
| Bull Case | 120 - 150 USD | Medium (if short squeeze continues) |
| Correction | 75 - 80 USD | Possible (Profit taking) |
Analysts consider price targets of 100 US Dollars per ounce within this year to be absolutely plausible if supply chain issues from China persist.
Conclusion: Physical Assets in a Digital World
January 13, 2026, marks a turning point. Silver is no longer just the small, volatile brother of gold, but an indispensable strategic industrial metal that is becoming extremely scarce. While Bitcoin stagnates around 87,000 USD, silver is proving its strength.
In times when paper contracts on the exchange become uncertain due to physical shortages, owning real metal is the safest path.
Do you want to profit from this historic rally and secure your wealth? Through the Spargold App, you can quickly and securely buy physical silver – while it is still available. Do not wait until the industry has swept the market clean.
Stay farsighted
Yours, Nils Gregersen
