Silver price hit a fresh all-time high of $120 per ounce on Thursday, January 29, 2026, extending its extraordinary rally to 65% in January alone, while gold surged past $5,600 per ounce. Citigroup predicts silver will reach $150 within three months, calling the white metal "gold on steroids" as Chinese buying momentum and dollar weakness fuel unprecedented precious metals gains. In this article, I am answering the question why gold and silver price is going up today, analyzing XAU/USD and XAG/USD charts and check the newest silver price predictions. Silver is trading at $117.63 per ounce as of Thursday morning, ... (full story)