The expert explained the sharp rise in silver prices

The prolonged sharp rise in silver prices is due to a combination of geopolitical and macroeconomic factors that have increased demand for defensive assets in recent weeks. Alexander Schneiderman, head of Alfa-Forex's Customer Support and Sales department, told Izvestia on January 27.

"The precious metals market continues to rally amid growing global uncertainty. To the continuing risks of an aggravation of the situation in the Persian Gulf, there is a high probability of a new US government shutdown, which may occur as early as January 31," he said.

Canopy of gold: assets of Russian banks in precious metals have almost doubled

Why did the demand for gold increase dramatically in 2025 and will it be possible to make money on it this year?

These factors, according to Schneiderman, are pushing investors to move into precious metals as risk hedging tools, which has become one of the key reasons for the rapid rise in silver prices. At the same time, the movement of quotations above $100 per ounce of silver acquires a pronounced speculative character and is accompanied by an active build-up of short and marginal positions.

"After the correction, it will be possible to identify new peaks for silver prices. Silver prices have been rising for nine months in a row, and since the beginning of the year, this precious metal has risen in price by almost 60%," the expert concluded.

Fyodor Sidorov, a private investor and founder of the School of Practical Investing, explained on January 26 that the rise in gold and silver prices to record levels in early 2026 reflects deep structural changes in the global financial system, and not just the impact of current geopolitical tensions.

All important news is on the Izvestia channel in the MAX messenger.