Silver soars past 100! Bulls continue to break new highs this morning

January 26, 2026, Spot Silver Morning Analysis

Market movements never disappoint those with firm strategies. Spot silver has been rising steadily since the start of the year, continuing its strong upward momentum this morning. In a bullish pattern, controlling the rhythm means controlling profits.

Cheng Jingsheng provides a simple analysis of the current trend of spot silver. From the news perspective, the Fed's rate cut expectations continue to heat up, reducing the holding costs of interest-free assets and boosting precious metal buying. Coupled with global silver inventories dropping to a ten-year low, surging demand from the photovoltaic and electric vehicle industries, and the influx of geopolitical safe-haven funds, multiple positive factors are resonating, causing silver's rally to far surpass gold.

From a technical standpoint, London Silver prices this morning broke above the 107.76 level, with an intraday high of 108.569 USD. Both daily and 4-hour charts show a bullish alignment. The MACD remains in positive territory with a red histogram. Despite short-term overbought conditions, bullish momentum remains intact. Previous resistance levels have turned into strong support, and the upward channel remains solid.

Trading suggestion: Focus on buying on dips, avoid blindly chasing highs. Support at 106.0-106.5 for long positions, with targets around 108.5-109.0. A break below could see prices rise toward the 110 level.

The above is only personal advice for reference and does not constitute investment advice. Please follow Cheng Jingsheng's strategic layout for specific guidance!!#白银