Silver price slips from record highs — what traders are watching next week
London, Jan 17, 2026, 17:46 GMT — Market closed Spot silver, for immediate delivery, dropped 2.9% to $89.65 an ounce on Friday, following a record high of $93.57 in the previous session. Marex analyst Edward Meir described it as “a general retreat in the commodity complex after weeks of aggressive gains, with some profit-taking.” (Reuters) The decline followed a steep rally that drew a surge of individual investors. Vanda Research found retail traders bought $921.8 million worth of silver-backed ETFs over the last 30 days. On Wednesday alone, the iShares Silver Trust recorded a $69.2 million inflow from retail buyers.