On January 13, 2026, the Shanghai Gold Exchange's midday benchmark price for silver (standard 15 kg silver ingots with a purity of not less than 99.99%, pricing contract) was 21,057 yuan/kg, up 111 yuan/kg (0.53%) from the morning benchmark price of 20,946 yuan/kg. Compared to the previous trading day's midday price of 20,927 yuan/kg, it increased by 130 yuan/kg (0.62%).

PriceSeek Analysis:
Silver, Bull-Bear Score: 1.5
The article indicates that the spot benchmark price for silver on the Shanghai Gold Exchange rose from 20,946 yuan/kg to 21,057 yuan/kg, a gain of 0.53%, and increased by 0.62% compared to the previous trading day, signaling strong demand and tight supply as positive factors. Combined with futures data, major contracts such as 2604 (up 1,237 yuan/kg) and 2605 (up 1,312 yuan/kg) show significant upward trends, with positive changes in open interest (e.g., 2604 open interest increased by 8,928 lots), reflecting market optimism about continued silver price strength. A score of 1.5 indicates a range between moderately bullish and strongly bullish, as both spot and futures data support the bullish trend, with expectations of further short-term price increases.

Gold, Bull-Bear Score: 0.5
Although the article does not directly mention gold, the rise in silver, as a related precious metal, may indirectly boost sentiment in the gold market. Futures data show that major gold contracts, such as 2602 (up 12.68 yuan/gram) and 2604 (up 11.98 yuan/gram), have performed strongly recently, with changes in open interest indicating bullish momentum (e.g., 2604 open interest increased). However, the lack of direct fundamental support limits the impact on gold prices. A score of 0.5 indicates a mildly bullish outlook, based on the spillover effect from silver's strength and robust futures data, but with limited upside potential due to the absence of significant changes in gold's own supply and demand dynamics.