Overview
- Comex March silver futures climbed past $100 for the first time and reached an intraday high of $101.165 per troy ounce on January 23.
- Comex February gold futures advanced to about $4,989.9 per troy ounce, leaving the $5,000 level within striking distance.
- Both metals notched successive intraday records on Friday after setting new highs on Thursday, underscoring rapid, volatile moves.
- Analysts point to a softer dollar and geopolitical uncertainty, including President Trump's remarks on Greenland and friction around the Federal Reserve, as near-term drivers.
- Longer-term support for silver includes a multi‑year supply deficit cited by the Silver Institute, while rate‑cut expectations bolster gold, though strategists warn of elevated correction risk.