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Silver Hits $120 All-Time High as Safe-Haven Demand Surges

Silver Hits $120 All-Time High as Safe-Haven Demand Surges

Author:

Global Cryptocurrency

Published:

2026-01-29 09:33:01

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Silver prices soared to a record $120 on January 29, 2026, with market capitalization reaching $6.7 trillion. The rally reflects a flight to safety amid macroeconomic uncertainty and geopolitical tensions. Industrial demand for solar panels and EVs exacerbates supply constraints.

Gold mirrored the trend, breaching $5,500 for the first time. Dollar weakness and trade instability accelerated the shift from currencies to hard assets. Analysts note the MOVE echoes 2008's commodity surge, but with added pressure from green energy adoption.

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