Claims of Silver Surpassing $100/oz Remain Unverified

On January 23, PANews reported via Jinshi that APMEX spot silver quotes temporarily peaked above $100/ounce before dropping to $99.71/ounce, though no primary source confirms this.

The fluctuation of silver prices highlights unmet market confirmation and emphasizes APMEX’s position in precious metals trading. Broader implications for related commodities remain speculative due to lack of data.

Claims of Silver Surpassing $100/oz Remain Unverified

No verified evidence exists for the recent spike in silver prices above $100/oz, challenging reported assumptions. PANews reported on January 23 that APMEX quotes indicated a brief rise in spot silver prices above $100 per ounce, currently settling back at $99.71/oz.

This report has prompted skepticism, as major brokerage platforms have not confirmed such a breach, and no official statements or verifications are available.

“In a 2021 interview, he discussed direct precious metals sales, counterparty risk, wholesaler premiums, and limited silver supply, but made no mention of $100/ounce silver.” – Ken Lewis, CEO, APMEX

Market reactions to claims of silver’s rise to $100/oz are varied, with a lack of formal acknowledgment from leadership or institutional stakeholders. The absence of official statements from financial or regulatory entities further casts doubt on these reported figures.

Discrepancies Raise Questions About Accurate Market Data

Did you know? In precious metals history, significant price spikes are often corroborated across multiple reputable platforms. Discrepancies such as the current claim are rare, revealing challenges in market consistency.

Based on CoinMarketCap data, Ethereum (ETH) sits at $2,950.41. Its market cap is $356.098 billion, dominating 11.79% of the market. Trading volume hit $22.206 billion, a 27.72% increase over 24 hours. ETH’s price shot up by 36.77% over the same period but fell 10.39% over the last week.

Coincu’s research team highlights that, despite reported volatility, no substantial regulatory or technological shifts presently impact the broader silver market landscape. Patterns suggest that digital asset trends currently do not mirror those in precious metals.