Silver tops $91 per ounce as gold trades near record highs on January 14 2026

On January 14 2026, silver prices climbed above $91 per ounce for the first time, while gold traded within $10 of its all‑time high near $4,600 per ounce. The move followed lower-than-expected U.S. inflation in December, rising geopolitical tensions, and worries over potential tariffs and supply constraints that boosted demand for safe-haven metals. Analysts raised three-month targets for gold to $5,000 per ounce and silver to $100 per ounce amid strong demand and tight global inventories.