The Precious Metals Market Booms: Silver, Gold, and Copper Entering a Historic Cycle

2025 concludes with an unprecedented milestone in the commodities market history: the price of silver (XAG) surged by up to 150% in just one year. And as we move into 2026, the upward momentum not only continues but accelerates even more strongly.
On January 14, 2026, the spot silver price for the first time in history surpassed the $90/ounce mark – a highly significant psychological threshold. In just the first two weeks of the year, silver prices increased by approximately 25%, pushing the total silver market capitalization beyond $5 trillion.
This is a groundbreaking event. Silver officially rises to become the second-largest asset globally, after gold, surpassing even the tech giant NVIDIA. This demonstrates that silver’s position within the global asset system has been elevated to a completely new level.
Precious Metals Enter a Major Bullish Cycle
Not only silver, but the entire group of precious and industrial metals are entering a rare growth cycle:
Gold (XAU) remains near historic highs, reflecting increasing safe-haven demand. Tin on the LME has surpassed $51,000/ton – an extremely unusual development as it is the least liquid metal among the six main metals traded on the LME. Last year, tin prices increased by nearly 40%, and in early 2026, they have risen by over 25%. Copper on the LME also hit a new record, surpassing $13,000/ton, indicating continued booming industrial and green energy demand.
Major Banks Simultaneously Raise Forecasts
In response to the market’s strong movements, many large financial institutions have adjusted their forecasts:
Citigroup continues to raise its gold and silver price forecasts over the next three months.
Goldman Sachs has upgraded its copper price forecast for the first half of 2026, reflecting expectations of sustained global demand growth.
Conclusion
What is happening suggests that 2026 could very well become the “Year of Precious Metals.” Silver has entered a historic revaluation phase, gold remains at its peak, and copper – tin are all setting new records.
If this trend continues, the metals market will not only serve as a safe haven but also become one of the biggest growth drivers of the global asset system in the coming period.