Silver Surges to Record $84.61 as Kiyosaki Recommends Buying Until $100
Silver reached a record high of $84.61 per ounce with a 6% surge on Monday, January 12, while MCX prices jumped 5% to ₹2.65 lakh per kg. Robert Kiyosaki advised continued buying until $100, emphasizing disciplined investing. The rally was supported by Federal Reserve developments weakening the dollar, strong industrial demand from solar, EV, AI, and electronics sectors, plus safe-haven flows.
*this image is generated using AI for illustrative purposes only.
Silver prices surged to unprecedented levels on Monday, January 12, with the precious metal reaching a record high of $84.61 per ounce, marking a nearly 6% gain for the day. The rally extended to Indian markets, where MCX silver prices jumped 5% to ₹2.65 lakh per kg, reflecting the global momentum in the white metal.
Kiyosaki's Bullish Silver Outlook
Rich Dad Poor Dad author Robert Kiyosaki reinforced his bullish stance on silver despite the record-breaking prices. In a social media post on X, Kiyosaki addressed investor concerns about timing, stating "Is it too late to buy silver? I say 'No.'" The renowned financial educator indicated his willingness to continue purchasing the precious metal until it reaches $100 per ounce.
| Investment Strategy: | Details |
|---|---|
| Current Price Target: | Up to $100 per ounce |
| Investment Approach: | Continue buying until target |
| Risk Management: | "Then wait and see" after $100 |
Kiyosaki emphasized disciplined investing by referencing the well-known adage: "Pigs get fat. Hogs get slaughtered," highlighting the importance of measured profit-booking over greed-driven risk-taking. His current recommendations build on earlier forecasts when silver had climbed above $72 per ounce, which he described as "great news for gold and silver stackers" while cautioning it was "bad news for fake money savers."
Market Drivers and Federal Reserve Impact
The silver surge gained additional momentum following developments involving the US Federal Reserve. Fed Chair Jerome Powell revealed that the central bank had received grand jury subpoenas from the Justice Department regarding his June congressional testimony on the Fed's headquarters renovation, according to Bloomberg reports. This news contributed to pushing the US dollar off its one-month high early Monday.
| Currency Impact: | Monday Performance |
|---|---|
| Dollar Index: | Down 0.3% to 98.899 |
| Rally Status: | Ended five-day rally |
| Silver Benefit: | Cheaper for international buyers |
The weakening dollar makes precious metals more affordable for buyers using other currencies, providing additional support for silver's upward trajectory.
Industrial Demand and Technical Analysis
Silver's remarkable performance has been underpinned by robust industrial demand across multiple sectors. The white metal had already soared almost 150% in the previous year following a historic short squeeze in October, with tariff concerns restricting metal movement from heavily stocked US warehouses.
Ponmudi R, CEO of Enrich Money, provided technical insights on the current market dynamics: "COMEX Silver is trading firm near $83, after marking a lifetime high, and remains well above its short- and medium-term moving averages following a decisive breakout from consolidation."
Key Demand Drivers:
- Solar energy sector expansion
- Electric vehicle manufacturing growth
- Artificial intelligence hardware requirements
- Electronics industry consumption
- Sustained safe-haven investment flows
Price Projections and Support Levels
Market analysts suggest the current momentum remains buyer-driven with strong technical indicators. While the $83 zone may experience periodic profit-taking, a clear breakout above $85 could trigger further gains toward the $90-$95 range.
| Technical Levels: | Price Points |
|---|---|
| Current Trading: | Near $83.00 |
| Breakout Level: | Above $85.00 |
| Next Targets: | $90.00 - $95.00 |
| Support Zone: | $78.00 - $80.00 |
The strong industrial demand fundamentals continue to underpin the $78-$80 zone as a solid support base, providing confidence for investors considering entry points in the precious metals market.
16
