Jan 30, 2026
Silver Hits $120: Why the Metal Is Exploding Like Never Seen Before in History
AnalysisChina silver exportsindustrial silver demandpaper silver marketprecious metals rallysilver backwardationSilver price explosionsilver supply deficitstrategic metals
TLDR: Silver surged 450% to $120 adding $6 trillion in market cap amid five-year supply deficit of 678 million ounces. China export restrictions tightened global supply with Shanghai silver at $127 creating record premiums over markets. Paper-to-physical leverage at 350:1 triggered forced buying as delivery requests exposed severe physical shortages. Lease rates spiked to 39% [...]
The post Silver Hits $120: Why the Metal Is Exploding Like Never Seen Before in History appeared first on Blockonomi.
Source: Blockonomi →Related News
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