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Silver Rips To Fresh Records As Politics, Flows, And Short-Term Charts Align
(MENAFN- The Rio Times) Key Points
Silver started the week in full breakout mode. In early trading it jumped about 5.4% to roughly $83.26 an ounce after printing a record $84.58 around 06:19 GMT, extending a move that had already turned parabolic in January.
The catalyst was not a single data point. It was a confidence shock. Traders reacted to a criminal investigation narrative involving Fed Chair Jerome Powell and a widening rift with the White House.
At the same time, geopolitical tension around Iran kept safe-haven demand hot. The mix pushed the dollar down and weighed on U.S. equity futures, giving non-yielding metals another tailwind.
Tim Waterer of KCM Trade described the Powell probe and Iran risk as the“green light” for fresh highs. ANZ strategist Soni Kumari said silver could soon push toward $90 if policy uncertainty persists, with China-related restrictions still working through supply chains.
The last week shows how quickly the tape turned. Silver closed near $80.09 on Jan 6, slid to about $78.46 on Jan 7 and $75.86 on Jan 8, then snapped back to roughly $79.91 on Jan 9. It was flat near $79.91–$79.92 on Jan 10–11. Then it exploded higher into Monday.
Flows matter as much as headlines. JPMorgan estimates suggested index trackers could sell about $6.1 billion of silver during the Jan 8–15 rebalance window.
Yet the largest silver ETF, SLV, added metal, rising from 16,215.43 to 16,308.48 tonnes in one session, a 93.05-tonne jump, roughly 3.0 million ounces, with about 90.65 million shares traded.
Across hubs, the stress points differ. London's issue is“where the bars are,” not just how many exist, amplifying squeezes. New York expresses the shock through futures, with CME silver volume shown at 44,584 contracts on a recent snapshot.
China has named 44 firms permitted to export silver under the new regime. India's MCX pricing has also gone vertical, with headlines citing ₹263,996 per kg ($2,930).
On charts, momentum is stretched but still intact. Your 4-hour view shows RSI near 70.50 with a positive MACD (1.621 vs 0.936). The daily RSI is near 69.65 and MACD remains positive (5.773 vs 5.342).
That points to trend control, but also raises pullback risk if forced selling returns. Note that your Capital XAGUSD axis near 29.62 appears to be a scaled contract feed, so use it for pattern and momentum, not global spot comparisons.
One more fundamental is now visible in real time: substitution. Longi has signaled a shift toward copper-metallized solar cells as silver costs bite. That is bullish short term, because it proves tightness. It is bearish long term, because it shows demand can adapt.
Silver hit about $83.26/oz after touching a record $84.58/oz in early trade.
Safe-haven demand rose as U.S. policy drama and Iran-linked risks shook the dollar and futures.
Big flow forces are colliding: index-linked selling, heavy ETF activity, and tight physical logistics.
Silver started the week in full breakout mode. In early trading it jumped about 5.4% to roughly $83.26 an ounce after printing a record $84.58 around 06:19 GMT, extending a move that had already turned parabolic in January.
The catalyst was not a single data point. It was a confidence shock. Traders reacted to a criminal investigation narrative involving Fed Chair Jerome Powell and a widening rift with the White House.
At the same time, geopolitical tension around Iran kept safe-haven demand hot. The mix pushed the dollar down and weighed on U.S. equity futures, giving non-yielding metals another tailwind.
Tim Waterer of KCM Trade described the Powell probe and Iran risk as the“green light” for fresh highs. ANZ strategist Soni Kumari said silver could soon push toward $90 if policy uncertainty persists, with China-related restrictions still working through supply chains.
The last week shows how quickly the tape turned. Silver closed near $80.09 on Jan 6, slid to about $78.46 on Jan 7 and $75.86 on Jan 8, then snapped back to roughly $79.91 on Jan 9. It was flat near $79.91–$79.92 on Jan 10–11. Then it exploded higher into Monday.
Flows matter as much as headlines. JPMorgan estimates suggested index trackers could sell about $6.1 billion of silver during the Jan 8–15 rebalance window.
Yet the largest silver ETF, SLV, added metal, rising from 16,215.43 to 16,308.48 tonnes in one session, a 93.05-tonne jump, roughly 3.0 million ounces, with about 90.65 million shares traded.
Across hubs, the stress points differ. London's issue is“where the bars are,” not just how many exist, amplifying squeezes. New York expresses the shock through futures, with CME silver volume shown at 44,584 contracts on a recent snapshot.
China has named 44 firms permitted to export silver under the new regime. India's MCX pricing has also gone vertical, with headlines citing ₹263,996 per kg ($2,930).
On charts, momentum is stretched but still intact. Your 4-hour view shows RSI near 70.50 with a positive MACD (1.621 vs 0.936). The daily RSI is near 69.65 and MACD remains positive (5.773 vs 5.342).
That points to trend control, but also raises pullback risk if forced selling returns. Note that your Capital XAGUSD axis near 29.62 appears to be a scaled contract feed, so use it for pattern and momentum, not global spot comparisons.
One more fundamental is now visible in real time: substitution. Longi has signaled a shift toward copper-metallized solar cells as silver costs bite. That is bullish short term, because it proves tightness. It is bearish long term, because it shows demand can adapt.
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