Why Gold and Silver Are Surging in January 2026: 7 Forces Behind a Historic Rally

Gold and silver are surging in early 2026 as investors rotate aggressively into hard assets amid falling real yields, record central-bank buying, and persistent uncertainty around U.S. monetary policy and geopolitics. Gold has broken above $4,600 per ounce for the first time, while silver has accelerated past $83–$85, confirming that the current rally is a structural repricing, not a short-lived reaction to headlines.