Silver = 111.68 An ounce CAD = New High

d01tg0d0wn

Based Member

new high for silver and I thought you would want to know cause its more interesting then watching birds. Birds i will admit can be pretty interesting but watching silver lately sure has been more interesting or just as interesting

anyway you can go back to watching birds if you want to. I probably will as well.
 
Upvote 11
The next milestone is $100 USD. If Silver can hit that in the next few weeks, look out!
 
PBD has been saying on the podcast for months that market growth is going to be crazy in 2026. Off to a good start on that prediction so far.
 
Grabbed from AI

tense is all messed up but is indicative - psych marker is notable

Market Events on and around January 9th, 2026
  • Index Rebalancing: The most significant event was the annual rebalancing of the Bloomberg Commodity Index, scheduled to run from January 9th to January 15th. This process involved a substantial reduction in silver's weighting within the index (from 9.6% to 3.9%), which was expected to prompt selling by passive investment funds, potentially exerting near-term downward pressure on prices.
  • Economic Data Release: The US employment data was also scheduled for release on Friday, January 9th. This report was a critical market focus, as strong data could support the Federal Reserve's hawkish stance and temper precious metals' momentum, while weak data could increase the probability of interest rate cuts, supporting silver prices.

Key Price Thresholds
While the index rebalancing was a technical event, the market was trading around several critical price levels (per ounce) in early January 2026:
  • $81 Threshold: Silver prices had recently surged past the $81 per ounce threshold on January 6th, setting a new record high amidst escalating geopolitical risks.
  • $80 Psychological Mark: This level was identified as a key upside target if the current all-time high were breached.
  • $78 to $79.60 Range: After the record high, silver experienced a technical slump on January 7th, falling into this range, with analysts watching whether it could stabilize below the $80 mark.
  • $70.50 Support Level: This was noted as the primary short-term support level in case of a technical retracement.
The "threshold" on January 9th, 2026, primarily related to the timing of the index rebalancing and the anticipation of its impact on the silver market.
 
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