Markets Volatile

HUGE SILVER UPDATE for the LONG Weekend! Based on the closing data from Friday and the schedule for the Martin Luther King Jr. holiday weekend, here is your update for Saturday, January 17 through Monday, January 19, 2026.

The Bottom Line: The "Long Weekend" Trap

We are in a period of suspended animation. The physical market is disconnected from the paper market, and traders are stuck in a "blackout" period until Tuesday morning. While the U.S. markets are closed for the holiday on Monday, the global electronic markets will not be, creating a dangerous setup for Sunday night.

1. Market Status: The "Paper" Correction

Closing Price: Silver finished Friday at $89.18, down sharply from the intra-day highs of ~$95.00.

Technical Damage: The violent sell-off on Friday (the "shooting star" reversal) suggests that the algorithmic momentum has broken. Under normal circumstances, this would signal a drop to $85.00.

The Problem: These are not normal circumstances. The drop was likely profit-taking by traders who didn't want to hold risk over a 3-day weekend with a looming war.

2. The "Physical" Disconnect (Real World vs. Wall Street)

While the screen says $89.18, the street says something else.

Mint Suspension Impact: With the U.S. Mint still suspending sales, the supply of fresh retail silver (Eagles, Proofs) is zero.

Dealer Reality: Despite the $6.00 drop in spot price Friday afternoon, major dealers did not lower their premiums. They are holding prices at the $95+ level because they cannot restock.

The Spread: We are seeing a massive "decoupling."

Paper Price: $89.18

Physical Price: ~$110+ (to actually get metal in hand).

3. The "Danger Zone": Sunday Night Timeline

This is the most critical part of your weekend update. Because of the MLK holiday, U.S. banks and floor trading are closed Monday, BUT global electronic trading (Globex) opens Sunday night.

Sunday, 6:00 PM EST: Electronic markets open. This will be the first chance for the world to react to weekend news.

Sunday, 8:00 PM EST: The Presidential Address.

Scenario A (War): If the President announces strikes on Iran, Silver could "gap up" on the electronic markets from $89 straight to $100+ instantly. U.S. traders will be unable to trade stocks, but futures will be wild.

Scenario B (Diplomacy): If the speech is about a "deal" or "inspections," the risk premium will vanish, and Silver could crash to $80 on the electronic market while Americans are sleeping.

4. Geopolitics: The Weekend Silence

Iran: Still no official word on the expired deadline. The "internet blackout" in Iran continues, which keeps the fear bid alive.

Fed/Court: The Supreme Court's pause on the Fed subpoenas has removed the immediate domestic catalyst, shifting 100% of the focus to the Middle East.

THEREFORE:

You are looking at a "Binary Event" weekend. The price of Silver on Tuesday morning will not be determined by charts or moving averages; it will be determined entirely by what is said at 8:00 PM Sunday night.

If you are holding physical silver, ignore the $89.18 spot price...it is currently irrelevant to the physical supply. If you are trading paper, be aware that Sunday night could see the most volatile opening in history.