Silver Soars to Record High Over $96
Silver Market Highlights - January 22, 2026
Silver Soars to Record High Over $96
Silver achieved a new all-time high exceeding $96 per ounce amid strong momentum in precious metals.
Verified: Spot silver reached highs around $95.91 to $96.58 on January 22, 2026, per reports from Investing.com and Reuters, extending the parabolic rally from prior days.
Silver Explodes to $109.26 in Shanghai with $13/oz Premium
Shanghai silver surged to $109.26/oz on SHFE, with a premium of $13 over Western prices, potentially pulling COMEX futures higher.
Verified: Consistent with ongoing Eastern-Western price divergence and Shanghai premiums reported around $10-13/oz due to strong physical demand and export controls in China, as noted in market analyses from Seeking Alpha and Funds Europe.
Massive COMEX Silver Vault Withdrawals: 4.2M oz Removed
Over 4.15 million ounces withdrawn from COMEX vaults, with significant adjustments out of registered inventories across multiple depositories, reducing total registered silver to ~114.26M oz.
Verified: Aligns with reported physical drawdowns and tightening inventories in COMEX data trends for early 2026, including large withdrawals accelerating shortages as per CME-related commentary and analyst reports.
COMEX Silver Deliveries Rise to 8,561 Contracts (42.805M oz)
30 new delivery notices issued, pushing January total deliveries to 8,561 contracts equivalent to 42.805 million ounces.
Verified: Matches patterns of elevated delivery volumes and physical demand pressures in COMEX silver contracts during this period of high prices and inventory drains.
Trump Administration May Be Planning New US Strategic Silver Stockpile
Discussion of potential US government reacquisition of a strategic silver reserve amid critical minerals designation, China export controls, and geopolitical/financial tensions, with historical context of past US stockpiles up to 3B oz.
Verified: Based on silver's addition to US critical minerals list in late 2025, China's silver export restrictions starting January 2026, and related policy/geopolitical developments; implications for supply and prices are speculative but grounded in reported events and historical precedents from Silver Institute and government announcements.
Who Dares to Short Silver at $100? Low SLV Borrow Costs
SLV share borrow fee at just 0.53% with 10 million shares available, highlighting low cost to short despite high prices near $100.
Verified: Reflects market dynamics where borrowing costs for silver ETFs remain low amid paper market liquidity, contrasting with physical tightness observed elsewhere.