Gold and Silver Prices Shatter Records in Historic Market Surge
Precious metal prices soared to record levels on Monday, January 26, 2026. The gold price surpassed $5,100 per troy ounce for the first time, while the silver price climbed above $110 per ounce. The surge came amid growing investor demand for safe-haven assets, though no single global event was pinpointed as the cause.
The sharp rise in precious metals began on January 26, with the gold price jumping 2.2% to $5,096 before breaking the $5,100 barrier. The silver price followed, surging 5.5% to $108.97 and later exceeding $110 per ounce. Platinum and palladium also reached all-time highs that day.
Analysts linked the rally to escalating geopolitical tensions worldwide. Investors responded by shifting capital into gold and silver, pushing demand and prices higher. The trend quickly spread to mining companies, particularly in Russia. On Tuesday, shares of major Russian precious metals producers climbed sharply on the Moscow Exchange. Seligdar's stock rose over 7%, reaching 55.35 rubles. Other firms, including Polyus, Yuzhuralzoloto, and Lenzoloto, also saw significant gains.
The record-breaking silver price today reflects sustained investor interest in safe-haven assets. Russian mining companies benefited directly from the rally, with their share prices rising in response. The surge marks one of the most dramatic increases in precious metals in recent years.
