Jinshi Data Record: Silver prices break historical high to $120

liquidation_surfer · 2026-02-05T18:07:48+00:00

New York Silver Spot Price Breaks $120 per Ounce, Reaching a Record High, Signaling a New Phase in the Silver Market. Futures Rise by 5.73%, Attracting Investor Attention. Since the Beginning of 2026, Silver Prices Have Increased by Nearly $50, Reflecting Global Economic Changes Supporting Precious Metals.

liquidation_surfer

2026-02-05 18:07:48

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According to the latest monitoring data from Jinshi Financial Data Platform, the spot price of silver in New York successfully broke through the key psychological level of $120 per ounce, setting a new historical record. This breakthrough marks the silver market entering a new price phase and confirms the recent strong momentum in the precious metals market.

Strong Performance of New York Silver Futures

Jinshi data shows that New York silver futures increased by 5.73% during the trading day, fully reflecting the market’s bullish sentiment. Spot silver has for the first time surpassed the $120 mark, breaking the previous price ceiling and attracting the attention of many investors. Such a breakthrough often triggers a chain reaction, pushing prices further upward.

Price Trajectory Since the Beginning of the Year

Since early 2026, silver prices have risen by nearly $50, representing a significant increase in the precious metals market. According to data provided by Jinshi, this sustained upward trend reflects the support from changes in the global economic situation for precious metals. Investors’ continued demand for silver as a safe-haven asset and industrial metal has jointly driven the price upward.

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