Silver Prices Surge: YLG Highlights New High at $121, Citigroup Raises Target to $150

Silver prices have surged dramatically, with YLG reporting a new high of $121.64 per ounce just one month into 2026, representing a 55% increase from the January 1st price of $71.58. Key factors driving the silver price surge include: 1. Global Economic Uncertainties: US tax policies and Federal Reserve confidence crises have pushed investors to seek safe-haven assets. Investors are turning to silver as an alternative to gold during volatile market conditions. 2. Supply Constraints: China has implemented stricter silver export licensing, significantly reducing global supply. As a major silver producer and exporter, China's new regulations have made silver a scarcer and more valuable commodity. 3. Technical Factors: The price rise has attracted global investor attention, with Citigroup raising its price target from $100 to $150 per ounce due to intense speculation and tight supply outside the US. Industrial demand is a major driver, with industrial sectors accounting for 55% of silver market demand: - Clean Energy: Solar panel manufacturers require silver for electrical conductivity - Electric Vehicles (EVs): Each electric vehicle uses significantly more silver than traditional cars - AI & Data Centers: Increasing technological infrastructure needs The surge is not just speculative but supported by real industrial demand from sectors experiencing significant growth. YLG suggests investors can explore silver investment opportunities through the TFEX market.