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Silver surged by 150% throughout 2025
Then, on January 14, 2026, the spot silver price successfully broke through the key level of $90 per ounce for the first time in history. In just two weeks after entering 2026, its price increased by 25%. Driven by this, the total market value of silver smoothly surpassed $5 trillion.
This is a milestone event, indicating a significant rise in silver's position within the global asset landscape, jumping to become the second-largest asset after gold worldwide, successfully surpassing NVIDIA.
It must be said that this year is very likely to be a year for precious metals.
Gold prices are hovering near historical highs.
LME tin prices also broke through the important threshold of $51,000 per ton, which is unusual. It’s worth noting that tin is the least liquid among the six metals traded on the LME. Last year, its price increased by nearly 40%, and since the beginning of 2026, it has already risen over 25%.
The London Metal Exchange (LME) copper futures price has also just touched a record high of over $13,000 per ton.
Citigroup has once again raised its price expectations for gold and silver over the next three months, and Goldman Sachs has also raised its price forecast for copper for the first half of this year.
Perhaps, the precious metals rally will continue.