Silver price breaks $100 as safe-haven rush meets Fed week
London, Jan 24, 2026, 17:02 (GMT) — The market has closed. Silver prices climbed above $100 an ounce on Friday for the first time ever, ending a tough week for risk assets as investors flocked to safe havens amid renewed speculation of U.S. rate cuts. Spot silver (XAG/USD) jumped about 5%, hitting $100.94 a troy ounce by 1848 GMT. Gold also soared, hitting a record $4,988.17, while platinum set another fresh high. “Silver should continue to benefit from many of the same forces supporting gold investment demand,” said Philip Newman, director at Metals Focus. (Investing.com Australia) Markets remain closed for