Why did silver break above $100 per ounce?

A mix of safe-haven demand, tariff uncertainty, and tight liquidity pushed buyers into precious metals. Reports also point to a widening silver supply deficit and margin changes in China that amplified swings. With gold nearing $5,000, cross-asset momentum added fuel, helping the move above $100 before profit-taking set in.

Is the silver price likely to hold above $100?

It depends on liquidity, positioning, and policy headlines. If safe-haven demand stays strong and the supply deficit persists, support may build. If margin hikes tighten leverage or yields rise, a pullback is possible. We suggest planning for both outcomes with staged buys and pre-set levels for trims.

How can investors in Singapore get exposure to silver?

Investors can use physical bullion from regulated local dealers, or gain exposure via exchange-traded products accessible through Singapore brokers. Investment-grade bullion is GST-exempt. Keep an eye on premiums, storage, and FX costs. Avoid leverage unless you understand margin risks, as the silver price can swing sharply within a single session.

What risks should I monitor after this surge?

Key risks include margin hikes that force deleveraging, a stronger USD, higher real yields, and softer industrial demand. Spreads and premiums can widen during stress. Track policy news on tariffs, central-bank guidance, and liquidity conditions. Having limit orders, cash buffers, and set allocation bands can manage sudden moves.

Global Market Insights

January 24: Silver Blasts Past $100 as Gold Eyes $5,000 Mark

ByHuzaifa Zahoor January 24, 2026January 24, 2026

The silver price pierced $100 per ounce for the first time as gold traded near $5,000, driven by safe-haven demand, tariff worries, and tight liquidity. For Singapore investors, this move raises questions on durability, strategy, and risk. We break down what is pushing prices, why a silver supply deficit matters, and how rising margin rules in China may fuel swings. We also outline steps to consider when building exposure in SGD and managing volatility across portfolios.