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NYSE:SLV 21 January 2026 - 4 February 2026

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Silver price today: spot rebounds nearly 12% after rout, lifting SLV and miners

Silver price today: spot rebounds nearly 12% after rout, lifting SLV and miners

Spot silver surged 11.7% to $88.74 an ounce by 11:40 a.m. ET Tuesday, breaking a two-day slide and sparking a broad rally in precious metals. Gold climbed 6.9% to $4,985.44, platinum rose 6%, and palladium gained 4.8%. The rebound came after silver’s historic 27% one-day crash on Friday, followed by a further 6% fall Monday, triggered by the CME raising margin requirements—the cash needed to maintain futures positions—and market jitters over Donald Trump’s nomination of Warsh to succeed Jerome Powell at the Fed in May. Peter Grant from Zaner Metals described the recent selloff as “corrective within the long-term uptrend.” Jeffrey Christian of CPM Group remains bullish, citing ongoing investor focus on economic and political risks.
3 February 2026
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Silver price whipsaws after CME margin hike; SLV slides as traders brace for Friday jobs data

Silver price whipsaws after CME margin hike; SLV slides as traders brace for Friday jobs data

The silver price slid again on Monday, with spot silver down 3.3% at $81.75 an ounce by 1148 GMT after earlier falling as much as 15%, leaving it about 32% below last week’s record. Spot gold was down 3% at $4,718.35, and CME Group said it would raise margin requirements — the cash traders must post to hold futures contracts — after the market closes on Monday. John Meyer of SP Angel said gold and silver were on a “rollercoaster ride”, while Michael Hsueh at Deutsche Bank said “the conditions do not appear primed for a sustained reversal”.
2 February 2026
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Silver price breaks $120 record as SLV jumps; traders watch Fed path and U.S. funding deadline

Silver price breaks $120 record as SLV jumps; traders watch Fed path and U.S. funding deadline

Spot silver surged past $120 an ounce on Thursday, hitting a fresh record and boosting the iShares Silver Trust, an ETF backed by physical silver, during early New York trading. Around 10:00 a.m. ET, SLV climbed $2.62 to $108.22, while spot silver gained 2.3% to $119.24 after peaking at $120.44. The metal has jumped nearly 64% this year. “Precious metals are well in the limelight and investors always like to go where they can get high returns,” said Brian Lan, managing director at GoldSilver Central.
29 January 2026
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Silver price near $114 as Fed decision looms; SLV ETF climbs and Citi flags $150 target

Silver price near $114 as Fed decision looms; SLV ETF climbs and Citi flags $150 target

Spot silver, for immediate delivery, climbed 1% to $114.13 an ounce on Wednesday, staying close to Monday’s record high of $117.69 as investors awaited the Federal Reserve’s rate decision. The iShares Silver Trust, a silver-backed ETF that trades like a stock, added roughly 1.1%. “The rally in the precious metals has kind of taken on a life of their own,” said Peter Grant, senior metals strategist at Zaner Metals.
28 January 2026
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