Silver Prices Soar to Record High on Safe Haven Demand and Tariff Fears
Silver prices reached a fresh record high during Monday's commodity market session at New York's COMEX. Investors showed strong buying interest as safe haven asset demand rose. US President Donald Trump's tariff threats to European nations added further momentum to the rally.
Record-Breaking Performance on COMEX
The COMEX silver rates for the March 2026 contract hit a new record high of $94.350 per ounce. This occurred during the trading session on 19 January 2026. The previous commodity market close stood at $88.537 per ounce, according to Investing data.
As of 4:43 pm Indian Standard Time, silver prices were trading at $93.050 per ounce. This represents a gain of 5.13% or $4.533 per ounce compared to the previous COMEX close last week. The data showed this upward movement on Monday.
Mint reported earlier how gold and silver prices surged. This followed US President Donald Trump's threat to impose extra tariffs on European countries. The condition was until America receives permission to buy Greenland.
Robert Kiyosaki Predicts $107 Per Ounce Target
American entrepreneur and author Robert Kiyosaki recently made a bold prediction. In a social media post, he stated that silver prices on COMEX are set to hit $107 per ounce from current levels. Kiyosaki wrote the popular book 'Rich Dad Poor Dad'.
Kiyosaki also claimed that Tesla cannot obtain silver amid a global supply shortage. Silver serves as a key component in renewable energy parts, electronics, and automotive components. The global electric vehicle giant faces challenges in sourcing this precious metal.
"TESLA cannot get silver. This Monday silver will gap up from $91 an ounce to $107 an ounce. Yay," said Robert Kiyosaki. He posted this message on the social media platform X.
Analyst Warns of Potential Red Flag in Silver Rally
Aamir Makda, the Commodity & Currency Analyst at Choice Broking, expressed caution. He noted that although silver prices are rising to new peaks, the internal momentum driving those gains is weakening. This observation comes against the backdrop of bearish divergence in technical indicators.
"Although, in recent sessions, with prices' upmove, we have observed an RSI bearish divergence on daily charts, which is a classic 'Red flag' warning. It suggests that while the price is still climbing and hitting new peaks, the internal momentum driving those gains is actually weakening," said the expert.
Makda recommended that investors holding long positions consider profit-booking at current price levels. This advice stems from the bearish outlook ahead for silver prices.
"Along with this, we can see the fall in OI levels to 9850 lots parallel to price-rise so far in March contract which suggests a Long unwinding in Silver. Traders who already have a long position, should look for a profit booking at current levels," said Makda.
