Gold and silver dominated markets in early 2026 in a way few assets did. Both metals surged to new all-time highs in late January, with gold trading above $5,600 per ounce and silver briefly pushing past $120 per ounce, driven by inflation concerns, supply constraints, and geopolitical risk.
Spot silver price in 2026. Source: CoinMarketCap
The rally, however, ended abruptly. Silver suffered one of the largest single-day declines in its trading history, falling more than 25% in a single session, while gold experienced its sharpest daily drop in years before stabilizing below prior highs.
Gold spot price in 2026. Source: CoinMarketCap
Despite the sharp drops, both metals remain among the strongest performers of the year. Gold and silver…
