$AXS
AXSUSDT
Perp
2.796
+5.98%
Silver has indeed reached historic heights. $PAXG
PAXGUSDT
Perp
5,025.79
+1.91%
As of January 23, 2026, $XAG
XAGUSDT
Perp
103.88
+5.90%
spot silver recently peaked at a record $96.90/oz, with some markets seeing trades near your $98.50 figure. This represents a staggering ~38% surge this month alone.
Gold is following suit, hitting an all-time high of $4,865/oz. Analysts cite a "perfect storm":
Geopolitics: Fears of a U.S.-Europe trade war over Greenland.
Supply: A fourth year of global silver deficits.
Industrial Demand: Record solar and AI infrastructure needs.
With silver nearing $100 and gold eyeing $5,000, the "Sell America" trade is gaining significant momentum.