Silver climbed to a fresh all-time high above ~$84.5 per ounce on January 12, 2026, riding a powerful surge that’s grabbing global attention. This isn’t incremental – it’s historic, driven by a mix of macro stress and structural demand that’s lifted silver alongside gold to new peaks.
Big Picture: What’s Happening Right Now
Record High: Silver hit levels not seen before, pushing past previous ceilings as investor demand spiked.
Market Backdrop: Safe-haven flows amid geopolitical tensions and political uncertainty in the U.S. have boosted precious metals buying.
Dollar Weakness: A softer U.S. dollar is making dollar-priced commodities like silver cheaper for global buyers – further lifting prices.
This move comes as gold also sets records, underscoring a broader shift into metals traditionally viewed as stores of value in times of uncertainty.
What’s Driving It – Quickly
1. Global Uncertainty and Safe-Haven Demand
Investors are rushing into metals as political and financial risk rises, pushing silver prices upward fast.
2. Technical Breakout Amid Weak Dollar
A softer dollar amplifies commodity rallies, and silver’s recent breakout above key price levels has triggered fresh buying momentum.
3. Structural Demand + Tightness
Industrial uses (solar, electronics, EVs) and limited mine expansion are reinforcing long-term price support, layering fundamental demand on top of today’s sentiment trade.
Why Retail Investors Should Pay Attention
Silver is no longer a sleepy commodity. This record run signals:
Heightened market risk sentiment.
Potential for continued volatility – and opportunity.
A dual narrative: both refuge and industrial demand are pushing prices.
Bottom Line
Silver’s record price today isn’t a fluke – it’s a message. Investors are pricing in uncertainty while industrial demand continues to grow. For retail investors looking at metals, this breakout is a clear signal to pay attention.
Exploration & Technical Progress
- Planned Q1 2026 drill program consisting of two phases totaling 4,000 metres.
- Phase 1: 2,000 metres from Pad A, designed to confirm orientation and size of the gold zone intersected by Newmont.
- Phase 2: Contingent on Phase 1 results; designed to extend Au–Ag mineralization and test undrilled surface anomalies.
- Discovery of a previously undocumented 157 m drift at Joramina.
- Phase 2 Q3 2025 results, including:
- 10 m of 2.32 g/t Au
- 5 m composite of 4.085 oz Ag/t
- 0.70 m of 17.41 g/t Au and 13.94 oz Ag/t
- Randypata grab sample of 8.55 oz Ag/t over a 2 km undrilled anomaly
- Confirmation that historical Newmont drilling was not optimally oriented, prompting revised drill planning.
- Use of existing permits with the ability to modify/add pads under Peruvian regulations.
Permitting & Jurisdiction
- Drill permit granted October 17, 2025 by Peru’s Ministerio de Energía y Minas.
- Permit valid for 14 months.
- Allows drilling from 20 drill pads with multiple directional holes per pad.
- Potential to drill from inside the Joramina drift, subject to permit modification.
Funding & Corporate Developments
- $5 million private placement closed October 23, 2025.
- Eric Sprott invested $1 million, acquiring 6,666,667 units.
- Net proceeds allocated to Niñobamba exploration, working capital, and corporate purposes.
- US$1,000,000 (CAD$1.4M) allocated specifically to the Joramina drill and exploration program.
- Issuance of finder’s fees and warrants exactly as stated.
- 3,525,000 incentive stock options granted at $0.25, vesting quarterly over 5 years.
Project Overview
- Niñobamba consists of three contiguous properties: Joramina, Randypata, Niñobamba Main.
- Total project size: 4,100 hectares.
- Located in Peru within an 8 km mineralized corridor.
- Over C$14.5M in historical exploration by Newmont, AngloGold, Bear Creek, Rio Silver.
- Newmont’s 2011 internal non-compliant report identified a significant conceptual gold–silver resource based on US$1,200 gold / US$20 silver.
Stay tuned, and keep an eye on this space.
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