Why does CHF strength matter for precious metals?

Swiss investors often see spot quotes in USD but transact in CHF. If CHF strengthens, local metal prices can lag global gains, or even slip, after currency conversion. Hedged funds can reduce that effect but add costs. Unhedged exposure can benefit when USD rises or CHF softens, so align hedging with your macro view.

Is safe-haven demand likely to keep supporting prices this week?

Support depends on headlines and yields. If risk sentiment stays fragile and real yields ease, safe-haven demand should help gold and silver. Sharp equity rallies or stronger CHF could trim gains. Use staged orders rather than chasing moves. Track key releases and central-bank remarks to adjust entries and stop levels accordingly.

Are China gold purchases still a major driver now?

Yes, but the impact may be smaller near term. Markets have discussed China gold purchases for months, and part of that support is likely reflected in prices. Fresh upside would need confirmation through continued buying, softer yields, or broader risk stress. Stay alert to official updates and physical demand indicators in Asia.

How should I buy exposure in Switzerland without overpaying?

Compare total costs, not just quotes. For physical silver, include VAT, spreads, and storage. For ETFs, check fees, tracking, and hedging policy. Decide whether you want CHF-hedged or unhedged USD exposure. Use limit orders, scale into positions, and review your thesis around central bank meetings and major US data releases.

Global Market Insights

Silver and Gold Today, January 02: Safe‑Haven Bid Lifts Prices Again

ByHuzaifa Zahoor January 2, 2026January 2, 2026

Silver price today rose alongside gold as Swiss investors focused on safe-haven demand at the start of 2026. Tensions, soft risk appetite, and rate-cut hopes are keeping bids under precious metals. After a strong 2025, we see a more selective setup. Some upside is possible, but much of the good news and China gold purchases may already be in prices. We outline what this means for Switzerland, how CHF moves matter, and how to position now.