Metals
Date Range
13 Jan 2026
Gold
$4,581.54
Metal Climate Index
73
Gold is trading near record levels (current price provided: $4,581.54) and remains supported by safe-haven flows after a DOJ probe into Fed Chair Jerome Powell and fresh U.S. trade actions increased risk and weakened the dollar. Strong ETF and central-bank accumulation during 2025 has left investor positioning tilted toward bullion, while major banks have lifted near- to medium-term price targets, keeping upside biased but leaving room for short-term profit-taking.
Key Drivers
- Fed-independence legal probe and rate-cut repricing
- Geopolitical risk (Iran, tariffs) boosting safe-haven demand
- Record ETF and central-bank purchases supporting physical demand
- Momentum-driven investor flows with intermittent profit-taking
Sources
Silver
$83.45
Metal Climate Index
78
As of January 13, 2026, silver is trading at elevated levels (user-reported $83.45) following a late-2025 structural rally that has continued into January. The market is being driven by a mix of safe-haven flows after U.S. political/central-bank tensions, large ETF accumulation, and rapidly rising industrial demand (solar/EV/data centres). Near-term volatility and profit-taking remain risks, but supply-side shocks — notably China's new export-licensing rules and depleted COMEX registered stocks — leave the overall climate firmly supported.
Key Drivers
- China's Jan 1, 2026 silver export licensing
- Depleted COMEX registered/eligible inventories
- Surging industrial demand (solar, EVs, data centres)
- Large ETF inflows and investor positioning
Sources