On January 19, 2026, spot gold and silver prices hit record highs, with gold reaching $4,690 and silver surpassing $94. Silver has increased by over 80% in the past 50 days, demonstrating strong performance. Geopolitical risks and shaken confidence in the US dollar have driven the market, while silver's independent rise is related to its strategic resource attributes. Market forecasts for future prices vary significantly, with gold between $3,900 and $5,800, and silver between $46 and $103.