2026-01-14 19:55:00
These are the times that silver bulls have been waiting a generation for.
The parabolic move continues as it has risen another $5.66 to $92.60/oz today, a fresh all-time high. The one-year chart is a sight to behold as it traces out a classic parabolic move.
silver daily
With $100 now nearby, that’s likely to act as a magnet. It will also be a real test of buyers’ sentiment. There is likely to be some profit taking but if it can hold above $85, the uptrend is still intact and the parabolic move could continue.
We’ve seen a series of attempts from the bears to halt the move, including some heavy selling after the Boxing Day jump. That was met with eager buyers in a market that’s fairly thin and can be driven by retail traders.
The gold market is much larger and that’s resulted in a steadier, more organize move higher. The much continued today with a fresh high of $4642, though the 1.2% rise is a far cry from the 6.5% rally in silver.
gold daily
Still, there is plenty to like there. There was some profit taking yesterday in US trade but it was quickly met by huyers in Asia-Pacific trading and that’s steadied the bid all day today. There are blue skies above now and the $5000 level will act as a similar kind of magnet.
Zooming out, you have to wonder about the global macro signals from such a move in metals. To my way of thinking, the main driver now is the complete rupture of the global-based system that’s really dominate since the US left the gold standard. It had the dollar at the center of it and a ‘rules based order’ that was mostly respected.
If we’re leaving that order and into the kind of ‘might makes right’ world that Stephen Miller is touting, then the world’s safest store of wealth will replace the US dollar for many cases. Unfortunately, that’s a tumultuous, dangerous world.
