{"id":23994,"date":"2026-01-17T00:11:13","date_gmt":"2026-01-17T00:11:13","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2026\/01\/17\/editors-picks-gold-price-breaks-us4600-silver-tops-us93-in-record-setting-week\/"},"modified":"2026-01-17T00:11:13","modified_gmt":"2026-01-17T00:11:13","slug":"editors-picks-gold-price-breaks-us4600-silver-tops-us93-in-record-setting-week","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2026\/01\/17\/editors-picks-gold-price-breaks-us4600-silver-tops-us93-in-record-setting-week\/","title":{"rendered":"Editor\u2019s Picks: Gold Price Breaks US$4,600, Silver Tops US$93 in Record-Setting Week"},"content":{"rendered":"<\/p>\n

Gold and silver are wrapping up yet another record-setting week that\u2019s seen economic uncertainty and geopolitical tensions combine to push prices upward.<\/strong><\/p>\n

The yellow metal moved decisively through US$4,600 per ounce on Monday (January 12), trading above that level for a decent amount of the week.<\/p>\n

For its part, silver reached what\u2019s perhaps an even more impressive price milestone, surging past US$90 per ounce and breaking US$93 on Wednesday (January 14). <\/p>\n

At this point, there\u2019s a very long list of factors providing support for the precious metals, and we don\u2019t have time to touch on all of them today. Instead let\u2019s take a look at a few that have been making headlines over the past week or so and break them down.<\/p>\n

First, there\u2019s the latest news in the clash between US President Donald Trump and Federal Reserve Chair Jerome Powell. On Sunday (January 11), Powell said that two days earlier, the Department of Justice had served the Fed with grand jury subpoenas threatening a criminal indictment.<\/p>\n

I had the chance to speak with Mario Innecco, who runs the @maneco64 channel on YouTube, not long after Powell\u2019s statement \u2014 here\u2019s how he summed it up: <\/p>\n

\u2018They\u2019ve subpoenaed documents, and it\u2019s supposed to be related to the renovation of the Fed\u2019s headquarters in Washington, DC. But Jay Powell came out and said it\u2019s not, it\u2019s basically because they want him to cut rates. <\/p>\n

\u2018And he\u2019s probably right. I think they\u2019re using any kind of, let\u2019s say tricks, to try to get rid of him, because I think the administration, even though they talk about how the economy is doing so great, they are desperate.\u2019 <\/p>\n

Trump himself has said he had no knowledge of the investigation, and has also asserted that he\u2019s not interested in firing Powell, whose term as Fed chair wraps up in May.<\/p>\n

Nevertheless, the situation has reignited concerns about Fed independence, and has provided support for gold and silver, which tend to fare better when rates are lower. The next Fed chair, who has not yet been appointed, is widely expected to fall in line with Trump.<\/p>\n

In addition to that, geopolitical tensions have remained high. Venezuela is still in the spotlight after its former president was removed by the US last week, and this week Trump warned that the US would intervene in Iran if its executions of anti-government protesters did not stop. <\/p>\n

Iran responded by saying it would strike US bases if that happened.<\/p>\n

Those events and others are boosting safe-haven demand for gold, as well as silver, but I want to hone in on a couple more points on the silver side that I think are worth looking at.<\/p>\n

One of those is the news that the US plans to hold off on new critical minerals tariffs after receiving the results of a Section 232 investigation launched last year.<\/p>\n

While a presidential proclamation states that imports of processed critical minerals and their derivative products do constitute a national security risk for the US, the country will first take steps such as negotiating supply agreements with other nations.<\/p>\n

Silver was recently designated a critical mineral in the US, and some market watchers believe this news out of the US was responsible for a midweek price dip for the white metal. However, others continue to highlight silver\u2019s deeper underlying drivers.<\/p>\n

I heard recently from Andy Schectman of Miles Franklin, who emphasized that a key element supporting silver right now is the fact that more and more entities are standing for physical delivery. <\/p>\n

Here\u2019s how he explained what he\u2019s seeing:<\/p>\n

\u2018For years I\u2019ve been saying \u2026 that the most well-informed, well-funded traders \u2014 and I\u2019ll highlight well informed, that being the central banks \u2014 have been standing for delivery since 2020. Very unusual, because really no one ever stood for delivery. And this started to accelerate. But all along, the US was not part of this game. We were seeing it in the Global South with the BRICs. And now all of a sudden we are seeing the most well-informed traders in North America stand for delivery in massive amounts.\u2019<\/p>\n

Gold ended the week just below US$4,600, while silver was slightly above US$90.<\/p>\n

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Gold and silver are wrapping up yet another record-setting week that\u2019s seen economic uncertainty and geopolitical tensions combine to push prices upward. The yellow metal moved decisively through US$4,600 per ounce on Monday (January 12), trading above that level for a decent amount of the week. For its part, silver reached what\u2019s perhaps an even […]<\/p>\n","protected":false},"author":0,"featured_media":23995,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-23994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/23994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=23994"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/23994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/23995"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=23994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=23994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=23994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}