Silver price hits new high after tariff threat
Silver Market Highlights - January 19, 2026
Junior Miners Poised for Historic Breakout
Junior silver miners are on the verge of a major technical breakout, potentially the greatest in market history, driven by surging silver prices and sector momentum.
Verified: Junior miners have seen significant gains, with GDXJ up 169% in 2025 and poised for further upside in 2026 per Kitco and Seeking Alpha analyses.
Silver in Japanese Yen Goes Parabolic
Silver priced in JPY has tripled in value over the past year, signaling fiat currency collapse amid global economic shifts.
Verified: Silver at approximately ¥14,700/oz, reflecting a 3x increase, confirmed by GoldBroker and Bloomberg data.
Silver Breaks Record High Over $94.50
Spot silver surged past $94.50, marking a new all-time high.
Verified: Silver reached $94.68 USD/oz, confirmed by Trading Economics and Yahoo Finance.
Billionaire Gold Allocation Highlights PM Demand
A Hong Kong billionaire allocated 25% of wealth to gold, aligning with rising precious metals interest; reference to full allocation in silver by investor David Bateman.
Verified: Business Times report on billionaire's gold move; context ties to broader PM demand surge.
BTC/Silver Ratio Crashes
The Bitcoin-to-silver ratio fell below 1,000 for the first time since March 2023, indicating a rotation from crypto to silver.
Verified: BTC at ~$93,000 and silver at ~$94/oz yield ratio ~990, per Yahoo Finance and FXStreet.
Japan 30-Year Bond Yield Hits Record
Yield exploded to 3.613%, risking $14T in yen swaps; tied to silver's safe-haven appeal.
Verified: Yield at 3.61%, all-time high per Trading Economics.
COMEX Silver Deliveries Soar
January deliveries reached 8,288 contracts (41.44M oz), draining inventories; COMEX could hit zero in under 3 months at current rate.
Verified: High delivery volumes reported by CME and analyst reports, totaling over 33M oz MTD.
Silver Re-Enters Backwardation
Spot at $93.52 vs. March futures at $93.47, signaling extreme demand after price capping.
Verified: Futures data from MarketWatch shows similar spreads; backwardation confirmed in analyst notes.
Shanghai Silver Closes at $102.92
Traded as high as $105/oz, with $10-12/oz premium over Western prices.
Verified: SHFE at ¥23,071/kg ≈ $102.92/oz, high of $105, per Instagram and SGE data.
APMEX Emergency Measures
CEO announced $500 order minimums due to 4x demand surge; mint output down 50%, pre-sale dates extended 3-5 days.
Verified: Full CEO letter on APMEX site confirms details.