Why did silver jump today?

A softer US jobs report lowered yields and pressured the dollar, which supported precious metals. At the same time, reports of tight London inventories increased fears of a supply squeeze. Momentum buying and short covering added to the move, pushing prices more than 6% higher and lifting spot back above $80 on January 10.

Is the current silver rally sustainable?

It depends on rates, the dollar, and supply signals. If yields keep easing and inventories stay tight, momentum can persist. If US data re-accelerates or supplies loosen, gains may fade. Expect elevated volatility as index rebalancing flows pass through and liquidity thins around fixings and market closes.

How can investors in Japan get exposure to silver?

Common routes include overseas ETFs like SLV , CME futures, and physical coins or bars from reputable dealers. Compare spreads, custody costs, and tax treatment. For yen-based portfolios, consider currency effects, since USD moves and FX swings both influence returns on top of the underlying metal’s direction.

What risks could reverse today’s move?

A stronger dollar, higher real yields, or better-than-expected US data could pressure prices. A relief in London inventory tightness would also reduce squeeze dynamics. Liquidity shocks around index rebalancing can create sharp pullbacks. Manage risk with smaller position sizes, clear stop levels, and careful order placement during active hours.

Global Market Insights

Silver Today, January 10: Rebounds Above $80 on Jobs Miss, Supply Squeeze

ByHuzaifa Zahoor January 10, 2026January 10, 2026

The silver price surged back above $80 on January 10, jumping more than 6% after a softer US jobs report and signs of a supply squeeze in London vaults. Gold inched higher as yields eased, while index rebalancing kept volatility elevated. For investors in Japan, yen-based returns will reflect both the USD move and FX swings. We explain today’s drivers, what to watch next, and practical ways to position through ETFs, futures, and physical exposure in a fast-moving market.