Commodity markets collectively strengthen, silver breaks historical record leading the rally

2026-01-06 12:02:51

Silver Hits New Highs Spark Market Attention

The precious metals market performed remarkably today. Silver prices broke through the $66/oz mark, setting a new record high. Driven by tight supply and safe-haven buying, silver’s rally remains strong. Industry insiders point out that the Silver Association forecasts the silver supply gap will continue to widen by 2026, providing support for future price movements. Many analysts are optimistic about silver’s performance next year, expecting it to challenge the $100 level. Along with silver’s rise, gold also followed higher, currently trading around $4320/oz.

Energy Market Rebounds Significantly, Oil Prices Rise Clearly

The crude oil market experienced a notable rebound. Influenced by geopolitical factors, WTI crude oil prices increased by 2.43%, closing at $56.50 per barrel. Market news indicates that the US has imposed stricter energy sanctions on Venezuela, potentially affecting 400,000 to 500,000 barrels of oil transportation daily. Additionally, US-Russia relations are deepening, and these combined factors have pushed oil prices higher.

US Stock Futures Rise, Tech Stocks Show Divergence

US stock futures are opening higher across the board. Dow futures are up 0.15%, S&P 500 futures increased by 0.22%, and Nasdaq 100 futures rose by 0.25%. In individual stocks, Tesla (TSLA) continues to perform strongly, rising 0.49% to $492.20, hitting a new high again. In contrast, Nvidia (NVDA) experienced a slight pullback, down 0.06%.

UK Inflation Beats Expectations, GBP Under Pressure

UK economic data released positive signals. November Consumer Price Index (CPI) rose 3.2% year-over-year, better than the market expectation of 3.5%. The cooler-than-expected inflation has sparked renewed speculation about the Bank of England’s future rate cuts. However, the GBP exchange rate was under pressure, with GBP/USD down 0.72%, currently at 1.3324.

Federal Reserve Governor’s Speech Draws Attention, Investors Should Watch Cautiously

Tonight, Federal Reserve Governor Waller will deliver comments on the economic outlook, which is expected to be a focal point for markets. Waller enjoys a high reputation on Wall Street, and market interpretations of his hawkish or dovish stance could trigger volatility. Investors should closely monitor his statements to assess their impact on future policy directions.

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