The evidence from multiple high-authority sources strongly supports the statement. Several credible financial data providers and news outlets corroborate that silver reached a new all-time high in January 2026. Specifically, one source explicitly states the peak was $119.40, which is extremely close to the claimed $120. Another source shows a live spot price in the $117.70 - $117.90 range during the same period, while another news report confirms a high of $116.67. The minor variations in the exact peak price are common in financial reporting and depend on the specific data feed (e.g., spot vs. futures, intraday high vs. closing price). The claim of "$120" is a very reasonable and likely rounding of the actual peak price. The consistent reporting of a new all-time high in this specific price range across multiple, independent, and authoritative sources makes the statement highly probable. Irrelevant sources concerning gold and copper were disregarded in the analysis.