This Week:
Estimated reading time: 5 minutes
Weekly Price Overview – 14 January 2026
Silver and gold continue their strong momentum, hitting new highs. Silver continues to lead the way, with NZD silver breaking $150 for the first time ever. Gold is nearing $8,000 locally. Meanwhile, the NZ dollar remains in a longer-term downtrend, helping amplify local metal prices.
🟡 NZD gold climbed $210.86 (+2.71%) to $7,989.77 — a new all-time high and within striking distance of $8,000. USD gold rose $88.34 (+1.96%) to $4,585.33, also hitting a record high as it continues to break out of its recent consolidation.
⚪ NZD silver surged $8.52 (+5.97%) to $151.33, closing above the $150 mark for the first time. Shallow pullbacks are making silver hard to buy on dips. USD silver rose $4.29 (+5.20%) to $86.85 — yet another all-time high as the dramatic repricing continues.
💱 NZD/USD slipped another 42 basis points (-0.73%) to 0.5739. The Kiwi got close to its 200-day moving average at 0.5860, but remains in a long-term downtrend. This continues to support higher local precious metals prices.
📈 Takeaway:
Silver remains in the driver’s seat, pushing through major milestones with almost no meaningful dips. Gold is also gaining strength and remains in breakout mode. The weaker NZD remains a tailwind for local buyers.
Missed It Last Week? Here’s the One to Read…
2025 in Review: What Gold & Silver’s Big Year Could Mean for 2026
With silver already off to a roaring start in 2026 (up 147% last year!), now’s the perfect time to revisit our 2025 Year in Review.
We break down:
- What actually drove gold and silver’s breakout
- Why silver may be entering a new revaluation phase
- What history suggests might come next
If you’re wondering whether it’s too late — or just getting started — this is essential reading.
Read the 2025 Gold & Silver Review
The Silver Narrative Is Shifting – But Be Careful What You Believe
You might have seen headlines this week like “Chinese solar giant Longi to replace silver with cheaper metals.”
But as macro analyst Tavi Costa notes:
“Silver’s bull case has never rested on industrial demand — except at moments of extreme undervaluation… We are entering the largest structural demand wave in decades for monetary metals.”
“If gold belongs at $4,500/oz — this is not the time to turn bearish on silver.”
View Full Post
Silver vs Money Supply: A Bigger Breakout Is Brewing
Tavi also shared this eye-opening chart – showing silver adjusted for M2 money supply is just breaking a 40-year downtrend:
“The fact that silver continues to be aggressively accumulated at these levels is a strong signal this market is not peaking, but stabilizing at a higher regime.”
“The days of low metals prices are behind us.”
View Full Post
Silver’s Big Breakout: What’s Next?
But there is no denying silver had a very big move last year. Experiencing its second-largest yearly gain in history – up 147% in 2025 – and has officially broken out of a 40-year range.
“A confirmed yearly breakout opens the long-term target at $275… but the first target is already reached, and price is stretched. You will have to look at SMALLER time frames to spot a SAFER entry point.”
— Patrick Karim, Technical Analyst
View original post
With silver showing such a massive move, it’s no surprise we’re hearing questions like this one:
Should I Keep Buying Silver — Or Wait?
One of our readers recently asked a great question (and one we’ve heard a few times lately):
“Are people panic buying silver? Is the price rising because of China or the falling US dollar? And will it ever drop again — or is now the time to go all in?”
While tough to answer, here’s what may be driving silver’s rise:
- Global uncertainty continues to drive demand for precious metals as a safe haven.
- China’s export restrictions are getting headlines, but the price was already climbing before that — so they’re not the sole cause.
- The US dollar has been relatively flat lately — so it’s likely not a big factor this time.
- Investor demand is up, but we wouldn’t call it panic buying — far from the frenzy of past surges.
Physical silver demand vs paper silver may be pushing a repricing — with fewer and shallower pullbacks.
Will it drop again?
Most likely. Silver is a volatile beast. But whether that drop happens from US$85, US$90 — or even US$100+ — is the hard part to predict.
We always say:
Buy when you can, not when you wish you had.
If you’re unsure, keep it simple: buy a little at a time and think long-term.
Let us know if you’d like help with a specific product or strategy.