Precious metals all saw sharp pullbacks this week, with gold down 11% and silver down 25%. Even after the pullbacks, gold and silver remain well above historic levels following their recent surges. Despite silver’s volatility, it finished January up 19% and shines as the top-performing asset in 2026. The metals fundamentals appear to be unchanged, and the recent volatility represents consolidation during the current metals bull market. Thanks for listening.
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