Silver Sunday Breakout! Silver Shatters Records – The White Metal’s Wild Ride. Manic Metals Report 01/12/2026

Silver futures exploded Sunday night , smashing through all-time highs to touch $84.65 per troy ounce before settling around $84.09 – that’s a scorching 6% jump from Friday’s close at $79.34.  We’re talking about a daily gain of over $4.75, pushing year-to-date returns to a mind-blowing 183% from last year’s levels. The surge in metal continues one of the biggest bull markets and metals historic and it’s being fed by uncertainty at the Fed concerns about the Iranian crack down on its citizens as well as pure and simple buying because of supplies that are just too darn tight
If you’ve been following my suggestions regarding precious metals during these times of global uncertainty, you may be seeing some positive results. While recent gains have been historic and, it’s important to remember that these trends are influenced by  a commodity super cycles that is experiencing strong industrial demand—particularly from sectors like solar panels, electric vehicles, and electronics, which continue to gradually increase their need for silver as a structural shortage and concerns that China that refines the majority of the world’s supply will start hording supply .
Yet the other thing is just that we broke through the Hunt brothers high of 40 years ago and it seems like the banks have lost control of the silver market not only do we have tight physical supplies China’s one of the biggest silver refineries in the world and they seem to be restricting exports which is also playing into this silver shining rally.
This new high for silver doesn’t exist in isolation. Silver is outperforming gold in a noticeable way, bringing the gold-silver ratio down to about 54.6 from 56.5 on Friday—a positive sign for silver enthusiasts. With physical supplies remaining tight and strong ETF inflows, there’s a solid chance silver could approach $90 before Valentine’s Day.  Consider buying jewelry early to take advantage of sales or just stick to flowers and candy. I’ve maintained a positive stance on gold for years, forecasting higher prices amid concerns about currency values, central bank purchases, and increased demand for safe-haven assets.
Today, spot gold reached a new high of $4,605 before settling at $4,599, reflecting a 2.17% increase for the day and a substantial 72% gain over the past year. Futures are approaching $4,600, and with HSBC projecting $5,000 by mid-2026, previous forecasts appear increasingly justified.
What’s supporting these gains? Gold continues to anticipate Fed rate cuts, according to CME Group analysts, changes in asset correlations and supply fundamentals are playing a significant role. Central banks remain active buyers, and if economic growth slows while inflation persists, gold could reach $5,000
Copper has also shown strong performance, rising 2.43% today to $6.05 per pound, with a 12% gain over the past month and nearly 40% year-over-year. Copper could become even more important than oil in 2026, given its essential role in renewable energy and electrification. Electric vehicles require significantly more copper than traditional vehicles, and renewable energy infrastructure, as well as data centers, drive additional demand. Copper could be the commodity key in the growth of the global economy especially when it comes to artificial intelligence and the desperate need to rebid and rebuild The US power grid
While oil is vital for transportation, copper is increasingly becoming a barometer for global growth and infrastructure development. Supply issues in major producing countries and rising demand from China and the U.S. could support further price increases. If oil prices remain steady while copper continues to rise, investors may shift their focus toward metals.
Headlines Fueling the Metal Mania The metals market just caught another spark thanks to bombshell news swirling around the Fed. Reports of a criminal probe into Fed Chairman Powell that has some investors questioning the very backbone of central bank independence.  Regardless  Gold, silver, platinum, and palladium catch a serious bid. With uncertainty as at the Fed and questions about whether the Fed chairman did lie under oath has the metals step in as the go-to safe haven, and this rally just got another leg higher. Strap in, folks; the headlines are just adding fuel to this metal’s breakout.
Gold surged to $4,600 and silver rose 5% amid Iran tensions and Trump’s threats, fueling market volatility. Precious metals remain strong, supported by Fed rate cut expectations, U.S. debt concerns, tariffs, and safe-haven demand.
Although there are still claims of a structural shortage in copper, some analysts believe this shortage may resolve faster than anticipated. Capital Economics has warned that the rally could slow down, projecting copper prices to drop to $10,500 per ton, a 20% decrease. Nonetheless, bullish forecasts remain strong, with HSBC predicting gold to reach $5,000 and CME highlighting crucial market dynamics. Texas Precious Metals has observed a recent correction in silver prices, dropping from $80 to $78 last week due to profit-taking. However, today’s rebound demonstrates the metal’s resilience.
Bottom line, traders: Metals are manic, and the momentum’s real. Silver’s record high is the headline, but gold’s steady climb and copper’s economic edge are the stories to watch. My $100 oil call? Still lurking if geopolitics ignite.  Metals seem to be the hedge you need in this topsy-turvy world but be aware because the volatility can work against you as well as for you so be smart . Stay tuned for more updates and hit me up on X @EnergyPhilFlynn  Also come for updates at 1-888-264-5665 or e-mail me at pflynn@pricegroup.com also stay tuned to the Fox Business Network invested in you.