Silver Price: Current Status, Drivers of the Surge, and Outlook(1)
⭐Highlights:
Silver price is near all-time highs (~$110+ per oz) with extreme volatility and strong recent gains.
Silver-linked stocks ( $First Majestic Silver Corporation(AG)$ , $Endeavour Silver(EXK)$ ) and ETFs $iShares Silver Trust(SLV)$ , $Abrdn Silver ETF Trust(SIVR)$) are trading in overbought territory, with strong momentum but rising short-term pullback risk
1. Key Silver-Related Stocks and ETFs
Below is a stock-by-stock and ETF-by-ETF snapshot, focusing on current price action, technical positioning, and near-term risk, as silver volatility spills into equities and passive vehicles.
Symbol | Current Price | 2026 YTD | Market Cap (B USD) |
$25.08 (+6.14%) | 60.15% | $12.61 | |
$13.55 (−1.89%) | 53.10% | $4.06 | |
$103.90 (+3.30%) | 7.53% | $0.84 | |
$107.88 (+3.29%) | 54.57% | $5.43 |
🏭 $First Majestic Silver(AG)$ at $25.08 (+6.14%)
Technical Read: RSI (6D: 91, 12D: 84) signals extreme overbought conditions, while MACD momentum is still positive but narrowing—an early sign of exhaustion.
Outlook: Price may consolidate around the $25.7 pivot; upside toward $27.9 requires fresh volume, while a break below $24.4 risks a deeper pullback toward $20.
⛏️ $Endeavour Silver(EXK)$ at $13.55 (−1.89%)
Technical Read: Large intraday swings with a long upper wick show strong selling pressure near $14.1, and volume remains below recent averages.
Outlook: Likely range-bound between $13.1–$14.1; only a confirmed breakout above resistance opens room toward $15.2, otherwise downside risk dominates.
📊 $iShares Silver Trust(SLV)$ at $103.90 (+3.30%)
Technical Read: Breakout is supported by expanding volume and bullish MACD, but RSI above 88 places SLV firmly in overbought territory.
Outlook: Momentum can extend if $101.6 holds, yet elevated RSI suggests near-term consolidation or volatility rather than a smooth continuation.
🧾 $Abrdn Silver ETF Trust(SIVR)$ at $107.88 (+3.29%)
Technical Read: Strong trend structure with MACD expansion, but RSI above 88 mirrors the same late-cycle momentum risk seen across silver assets.
Outlook: Price may oscillate within $106–112; failure to hold $106.6 could trigger a quick technical reset toward $103.
Taken together, silver-linked stocks and ETFs are moving in lockstep with the metal itself: momentum remains strong, but positioning is increasingly crowded and technically stretched. Equities are already reflecting higher volatility and sharper pullback risk than the spot price, suggesting the market is entering a more fragile phase.
Against this backdrop, understanding what is truly driving silver prices becomes critical.
The next section breaks down these forces and the risks they create.
2. Silver Price: Trend and Volatility
Current Price: As of late January 2026, $silver is trading around $110–$113 per troy ounce, near all-time highs. $Silver briefly reached peaks near $115–$118/oz in recent sessions. Price has risen sharply month-to-date and is up more than 270% year-over-year in broad market tracking data.
Recent Trend: Silver has seen an extraordinary rally through late 2025 into 2026. In the past month alone, prices climbed over 50%, with prices recently exceeding the psychological milestone of $110/oz, a first in market history, before slight pullbacks on profit-taking.
Volatility: Daily price swings have widened markedly. Recent single-day moves of 5–8% or more suggest high intraday volatility. • Compared with recent historical norms, silver’s volatility is significantly elevated, reflecting strong speculative flows in futures and physical markets alike.
These stock moves reflect the result. In Part 2, we’ll dig into the fundamental and speculative forces behind silver’s surge, and what investors should watch next.
Silver Price: Current Status, Drivers of the Surge, and Outlook（2）
For SG users only, welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP. Click to access the activity
other helpful links:
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
