XAG worth has surged previous $90 per ounce for the primary time in historical past, sending US Silver Eagles to over $100 per coin at sellers.
The transfer prompted a unprecedented transfer by the US Mint, which suspended all silver numismatic gross sales.
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US Mint Suspends Gross sales Amid Hovering Silver Demand
Officers cited excessive worth volatility and the lack to precisely worth merchandise, signaling a pressure in bodily silver provide somewhat than speculative extra.
“This is not normal. At all…When the Mint pauses sales, it means physical demand is overwhelming the system, and the paper price is no longer accurately reflecting the market value. This is how every silver squeeze starts: sales halted, premiums explode, availability vanishes,” mentioned market commentator Echo X.
The historic worth breakout displays a mix of:
BREAKING: Silver soars previous $90/oz for the primary time ever, hitting a historic milestone.
That is pushed by protected‑haven demand, Fed charge reduce expectations, tightening bodily markets, and booming industrial use.
Many analysts from Citigroup are explicitly projecting silver might… pic.twitter.com/rG9KIZV3F7
— Jacob King (@JacobKinge) January 14, 2026
Like analysts from Citigroup, trade leaders corresponding to Keith Neumeyer, CEO of First Majestic Silver, challenge that silver might surpass $100 per ounce within the coming months.
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Market mechanics are additionally intensifying the transfer. As Sunil Reddy defined, the silver market is structurally quick in opposition to actual steel. CME margin hikes, sometimes used to sluggish leverage-driven rallies, are as an alternative accelerating strain on shorts.
Producers and bullion banks, tied to supply obligations somewhat than mark-to-market threat, are compelled to cowl their positions sooner, compressing time and driving costs greater. Futures markets are decoupling from bodily, premiums are rising, and liquidity is thinning.
“Margins kill leverage, not scarcity,” Reddy famous.
Buyers Brace for $100 Silver Amid Systemic Provide Stress
Towards this backdrop, long-time valuable metals traders level to a structural imbalance that has been constructed up over many years.
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“Sellers have been thinned out, and now there’s a hungry rush after the available inventories,” mentioned Peter Spina. “For those who have held silver as a store of safety for years, they are not likely to be dumping anytime soon. This is a once-in-a-lifetime event.”
The surge comes in opposition to a backdrop of broader monetary stress. JP Morgan’s newest earnings report highlighted delayed bond issuance, a softening labor market, and rising company debt pressures—all early indicators of tightening credit score situations.
Nearly on cue, JPM launched earnings this morning and reported $25B in web curiosity revenue. Thats how a lot revenue a single financial institution made by not paying savers extra. The declare that stablecoins paying curiosity harms lending is BS. pic.twitter.com/chl5on6Ytj
— Omid Malekan (@malekanoms) January 13, 2026
Analysts corresponding to Jeffrey Snider argue this confirms silver’s rise is greater than a speculative spike. Slightly, it’s a sign of underlying market pressure.
Additional complicating issues, some trade specialists warn of strategic pressures behind the scenes. Jim Ferguson, citing Andy Schectman of Miles Franklin, outlined a coordinated extraction of bodily silver by:
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- Central banks
- Sovereign wealth funds, and
- Business merchants.
BREAKING EXCLUSIVE:🚨 SILVERGATE: THE PHYSICAL RUN HAS BEGUN — AND THE PUBLIC IS BEING KEPT IN THE DARK
In my New Yr interview with Andy Schectman of Miles Franklin Treasured Metals (now $14 BILLION in gross sales), he laid out an image that ought to cease each odd particular person in… pic.twitter.com/dbyiOK3cxY
— Jim Ferguson (@JimFergusonUK) January 8, 2026
The system is closely leveraged. That is amidst roughly 2 billion ounces of paper guarantees backed by solely 140 million ounces of bodily steel.
Ferguson highlighted China’s latest strikes to limit silver exports. He emphasised the steel’s essential function as a nationwide safety asset embedded in high-tech weapons, AI infrastructure, and solar energy programs.
“This isn’t a trade…This is a quiet collapse of paper dominance over physical silver—and the public is being kept in the dark,” Ferguson added.
As silver continues its historic ascent, market contributors say $100 silver could not be the inevitable subsequent milestone. This comes because the US Mint is on pause and bodily demand overwhelms paper markets.
