Monthly mining insights

Monthly mining insights

Gold and Silver: January 2026

In terms of the precious metals sector for January 2026, it was quite a month for gold and silver. Both had some notable movements in the spot prices. As always, these figures were captured weekdays at 8 p.m. ET, priced in Canadian dollars per ounce.

Gold

Gold started the year on a relatively quiet note. On January 2nd, the spot price sat at $5,945.72. However, that calm didn’t last long. The metal began a steady ascent right out of the gates. By January 12th, it had already crossed the $6,300 mark. The momentum continued to build throughout the month. Gold hit a significant stride around the 22nd, surging to $6,842.16. But the real action happened in the final week. On January 28th, gold hit its absolute peak for the month at a staggering $7,463.54. It was a volatile finish, though. Just two days later, on the 30th, the price pulled back sharply to close the month at $6,659.61.

Silver

Silver followed a similar upward trend, though with its own distinct character. It opened the month at $99.92 on the 2nd. There were some early fluctuations, but the overall direction was clearly up. By mid-month, silver was trading comfortably above $120. The rally intensified as January progressed. Like gold, silver saw its strongest performance late in the month. It peaked on January 27th at $154.63, showing incredible strength before dipping slightly the next day to $159.46—wait, that’s actually a dip? No, looking at the data, the 28th saw it hit $159.46, which is the high. My apologies, it peaked on the 28th. After that high-water mark, silver experienced a steep drop-off, closing out the month on the 30th at $115.98.

The Raw Data

That wraps up the precious metals for January. It was a month defined by powerful rallies and a dramatic end to the trading period. If you want to review the specific daily numbers, make sure to check out the full raw data post for January.

Monthly mining insights

Monthly Mining Insights: November 2025

FOREX CAD / USD

The Canadian dollar experienced a relatively stable month against the U.S. dollar in November 2025. The exchange rate began the month at approximately 0.71 USD per 1.00 CAD. Throughout the month, the CAD fluctuated slightly but remained within a narrow range.

The exchange rate saw its lowest point on November 4th, 5th, 6th, 24th, and 25th, at 0.70 USD per 1.00 CAD. This slight dip was followed by a return to the 0.71 USD per 1.00 CAD mark, which was maintained for the majority of the trading days in November. There was no data update on November 11th.

Overall, the CAD/USD exchange rate in November 2025 was characterized by minimal fluctuations, with the rate hovering around the 0.71 USD per 1.00 CAD mark for most of the month.

Barrick Stock CAD

The stock price of Barrick Mining Corp. experienced notable fluctuations throughout November 2025. The month began with a price of 46.45 CAD per share on November 3rd. The price saw a dip to 44.62 CAD on November 4th, followed by a gradual increase over the next few days, reaching 46.44 CAD by November 7th.

A significant upward trend began on November 10th, with the price rising to 48.89 CAD. This upward momentum continued, peaking at 58.43 CAD on November 28th. The highest price observed during the month was 58.43 CAD on November 28th, while the lowest was 44.62 CAD on November 4th.

Throughout the month, the stock price demonstrated volatility, with several peaks and troughs. Notable increases were observed on November 11th (50.18 CAD), November 12th (52.32 CAD), and November 24th (55.93 CAD). The price experienced a slight decline on November 20th, dropping to 50.80 CAD, but quickly recovered in the following days.

Overall, Barrick Mining Corp.’s stock price in November 2025 showed a general upward trend, with the price ending the month significantly higher than it began.

CAD Spot Gold Silver

Gold Spot Prices

The price of gold experienced a volatile month in November 2025. The month began at 5,605.78 CAD per ounce on November 3rd. The price saw a dip to 5,552.74 CAD on November 4th, followed by a gradual increase over the next few days, reaching 5,631.91 CAD by November 6th.

A significant upward trend began on November 10th, with the price rising to 5,795.45 CAD. This upward momentum continued, peaking at 5,896.69 CAD on November 28th. The highest price observed during the month was 5,896.69 CAD on November 28th, while the lowest was 5,552.74 CAD on November 4th.

Throughout the month, the gold price demonstrated volatility, with several peaks and troughs. Notable increases were observed on November 12th (5,895.13 CAD) and November 24th (5,825.79 CAD). The price experienced a slight decline on November 14th, dropping to 5,722.57 CAD, but quickly recovered in the following days.

Overall, the gold spot price in November 2025 showed a general upward trend, with the price ending the month significantly higher than it began.

Silver Spot Prices

The price of silver also experienced fluctuations throughout November 2025. The month began at 67.34 CAD per ounce on November 3rd. The price saw a dip to 66.35 CAD on November 4th, followed by a gradual increase over the next few days, reaching 67.96 CAD by November 6th.

A significant upward trend began on November 10th, with the price rising to 71.08 CAD. This upward momentum continued, peaking at 78.74 CAD on November 28th. The highest price observed during the month was 78.74 CAD on November 28th, while the lowest was 66.35 CAD on November 4th.

Throughout the month, the silver price demonstrated volatility, with several peaks and troughs. Notable increases were observed on November 12th (74.62 CAD) and November 24th (71.99 CAD). The price experienced a slight decline on November 14th, dropping to 70.78 CAD, but quickly recovered in the following days.

Overall, the silver spot price in November 2025 showed a general upward trend, with the price ending the month significantly higher than it began.

Dealer Prices

Dealer Prices from Canada Gold – Ottawa

The dealer prices for gold and silver showed notable fluctuations throughout November 2025. Here’s a breakdown of the dealer buy and sell prices for gold and silver bars and coins:

Gold Prices

Gold 1 oz Bar Dealer Buys:

The price began at 5,333 CAD on November 3rd and saw a dip to 5,281 CAD on November 4th. The price then fluctuated, reaching a high of 5,607 CAD on November 28th.

Gold 1 oz Coin Dealer Buys:

The price started at 5,477 CAD on November 3rd and experienced a similar pattern of fluctuations, ending at 5,754 CAD on November 28th.

Gold 1 oz Bar Dealer Sells:

The selling price for gold bars began at 5,721 CAD on November 3rd and saw a dip to 5,664 CAD on November 4th. The price then rose, peaking at 6,014 CAD on November 28th.

Gold 1 oz Coin Dealer Sells:

The selling price for gold coins started at 5,707 CAD on November 3rd and followed a similar trend, ending at 5,996 CAD on November 28th.

Silver Prices

Silver 1 oz Bar Dealer Buys:

The price began at 64.17 CAD on November 3rd and saw a dip to 63.18 CAD on November 4th. The price then fluctuated, reaching a high of 75.36 CAD on November 28th.

Silver 1 oz Coin Dealer Buys:

The price started at 64.85 CAD on November 3rd and experienced a similar pattern of fluctuations, ending at 76.16 CAD on November 28th.

Silver 1 oz Bar Dealer Sells:

The selling price for silver bars began at 72.14 CAD on November 3rd and saw a dip to 71.03 CAD on November 4th. The price then rose, peaking at 84.72 CAD on November 28th.

Silver 1 oz Coin Dealer Sells:

The selling price for silver coins started at 72.48 CAD on November 3rd and followed a similar trend, ending at 85.12 CAD on November 28th.

Overall, the dealer prices for both gold and silver showed a general upward trend throughout November 2025, with the prices ending the month significantly higher than they began. This trend reflects the volatility and fluctuations in the precious metals market during this period.

Summary

November 2025 saw notable fluctuations, with both gold and silver prices experiencing significant volatility. The CAD/USD exchange rate remained relatively stable, while Barrick Mining Corp.’s stock price demonstrated considerable movement. For a detailed look at the raw data, visit our November 2025 Raw Data Post.

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