Spot silver surged by $3 on the day, reaching $119.78 per ounce, a 2.57% increase.
Intraday volatility pushed silver prices close to $120 per ounce, reflecting a surge in buying during the session and making the commodities market a standout performer on January 29th.
- Spot silver rose $3 on the day.
- Current price: $119.78 per ounce.
- It rose 2.57% on the day, nearing $120.
Trends in spot silver prices
On January 29th, spot silver rose by $3 and was recorded at $119.78 per ounce.
The reported daily increase was 2.57%, indicating a fairly large range of short-term volatility within the session. At $119.78 per ounce, silver is very close to the $120 per ounce mark, a region often closely watched as it can significantly impact sentiment and trading behavior.
The data indicates that silver rose $3 intraday and is approaching $120/ounce; however, no further information is available regarding the specific timeframe of the rally, the macroeconomic context, or supply and demand factors. Investors should note that this is intraday market information, not a trading recommendation.
Please note the information.
The content provided is for informational purposes only and does not constitute investment advice.
The information focuses on the price and percentage change of spot silver within the day. The newsletter does not mention cryptocurrencies, nor does it provide related data such as Token prices, volume, wallet addresses, or on-chain activity; therefore, no connection to the cryptocurrency market can be inferred from the original content.
