#GoldandSilverHitNewHighs Gold and silver have entered one of the most explosive bull markets in modern financial history, continuing their relentless rally into late January 2026. Prices are surging amid a powerful combination of geopolitical conflict, trade war fears, monetary easing expectations, currency instability, central bank accumulation, and — most critically for silver — a historic industrial demand shock.
As of January 23, 2026 (09:31 AM PKT):
Spot Gold: ~$4,950–$4,970 per ounce
Intraday highs: ~$4,970–$4,990
Some sessions briefly approached or exceeded $5,000
Spot Silver: ~$98–$9