Silver Market Analysis - January 2026

Market Overview

The silver market experienced a slight pullback during the early hours of trading on Friday, January 9, 2026, but quickly rebounded following the release of the Non-Farm Payroll (NFP) data. The U.S. economy added 50,000 jobs in December, falling short of the anticipated 65,000, which led to a modest reaction in the markets.

Technical Analysis

Despite the initial dip, the silver market's bullish trend remains intact. The recent job report, while a miss, was not severe enough to derail the ongoing bullish sentiment. Analysts suggest that the current market conditions present a "buy on the dip" scenario, indicating that short-term pullbacks should be viewed as buying opportunities.

Price Levels and Projections

The $80 level is identified as a significant resistance point, extending to approximately $82. Analysts believe that if silver can break through this barrier, it could potentially rally towards $85 and even reach the $100 mark. This projection may seem ambitious, but the current market dynamics support such a possibility.

On the downside, the $70 level is considered a critical support floor. A drop below this level could trigger a more substantial correction, although the prevailing sentiment suggests that the market will likely remain within a $12 range as it seeks the next catalyst for upward movement.

Conclusion

In summary, the silver market is currently navigating through a phase of minor corrections while maintaining a long-term bullish outlook. Traders are encouraged to monitor key price levels and remain vigilant for potential buying opportunities as the market continues to evolve.