Silver Price Update for Thursday, January 29, 2026
As of 8:45 a.m. Eastern Time on January 29, 2026, the price of silver stands at $119.47 per ounce. This marks a significant increase of $5.38 from the previous day’s price of $114.09. The current price represents a remarkable rise of over $88 compared to last year.
Current Silver Price Overview
Here’s a snapshot of the recent changes in silver prices over various time frames:
- Price of silver yesterday: $114.09 (+4.71% change)
- Price of silver one month ago: $79.31 (+50.63% change)
- Price of silver one year ago: $30.83 (+287.51% change)
Factors Influencing Silver Prices
Silver has seen a remarkable rise in value, attributed to several factors:
- Increased industrial demand.
- Inflation hedging.
- Strong investment interest.
Understanding Silver Investments
Silver investments can come in various forms, including physical holdings and exchange-traded funds (ETFs). Popular options include:
- Bullion: Bars or rounds of silver sold by weight and purity.
- Coins: Government-minted coins like American Silver Eagles.
- Jewelry: Artisanal pieces often sold at a premium.
- Mining Stocks: Shares in companies that extract silver.
Current Price of Other Precious Metals
As of the same time today, here are the prices for other precious metals:
| Precious Metal | Price per Ounce |
|---|---|
| Gold | $5,527.36 |
| Platinum | $2,785.87 |
| Palladium | $2,091.80 |
Investing in Silver: Key Considerations
Investing in silver can be a wise decision, especially given its recent performance. However, it is essential to consider the long-term approach:
- Precious metals can serve as a hedge against inflation.
- Investors should assess their portfolio allocation carefully.
- Analysts predict a continuation of the upward trend, which could see silver approaching all-time highs.
Frequently Asked Questions
Investors often have common queries regarding silver:
- What percentage of my portfolio should I allocate to silver? Financial experts usually recommend limiting this to 10-15%.
- Can silver be held in an IRA? Yes, coins and bars with at least 99.9% purity are eligible.
In conclusion, silver is currently a popular choice for investors due to its noteworthy price increases and potential as a stable asset in uncertain economic times. As of January 29, 2026, the silver price update shows a strong market, making it a viable option for both seasoned and new investors. For those interested in precious metals, staying informed about price trends can help in making strategic decisions.
