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Silver Price Hits New Record of $120 Per Troy Ounce, Gold Prices Surpass $5,600

© Sputnik / Pavel Lisitsyn / Go to the mediabankSilver bar
Silver bar - Sputnik International, 1920, 29.01.2026
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MOSCOW (Sputnik) - Exchange prices for silver and gold are rising some 4-6% on Thursday morning, having earlier hit new all-time highs during trading, above $120 and $5,600 per troy ounce respectively, trading data showed.
As of 06:24 GMT, the March silver futures contract on the New York Comex exchange was up 6% to $120.28 per ounce. Earlier on Thursday, the prices renewed their record, rising to $120.518 per ounce.
Meanwhile, as of 06:41 GMT, the price of the April gold futures contract on the New York Comex exchange was up by $279.31 from the previous close, to $5,584.56 per troy ounce. Earlier in the session, prices reached a historic high of $5,625.89 per ounce.
Analysts forecast gold's continued attractiveness for investors.
Russian-made gold bars. File photo - Sputnik International, 1920, 28.01.2026
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