Chart of the Day 📈 1/26/26: After $100 Silver and $5K Gold, What's Next?

Mike Larson | Editor-in-Chief

It happened, folks. Silver prices blew through $100 an ounce for the first time ever in Friday’s session. Meanwhile, gold got within twenty bucks of another big, round number — $5,000 — then topped it today. So…what’s next?

I’ll get to that in a minute. But first, check out the MoneyShow Chart of the Day – or technically, the table of the day. It shows spot prices for both of those metals, plus platinum, palladium, and rhodium, as of Friday afternoon. You can see the rally wasn’t just in silver and gold. Everything was moving!

Spot Precious Metals Prices

What’s driving the action? Well, I’ve shared my reasons for being bullish many times since I first got on board the precious metals train in H2 2018. Several of our expert contributors have done so, too – including Brien Lundin of Gold Newsletter, Omar Ayales of Gold Charts R Us, and Albert Lu of Luma Financial.

It boils down to the fact investors want protection from currency debasement...rising government debt loads resulting from aggressive borrow-and-spend policies…increasing geopolitical uncertainty in multiple corners of the globe…and elevated equity market volatility. Meanwhile, central banks continue to buy gold as a reserve asset – after previously selling it for years.

We’re going almost parabolic in the short term, which increases the risk of a painful correction out of the blue. Traders should keep that in mind. But for long-term INVESTORS, the forces driving the move look durable to me. If you’re looking for ways to play it, consider the mining stocks you’ll find in our (free) MoneyShow 2026 Top Picks Report HERE.

Schenker: What to Expect from the FED as Latest Policy Meeting Looms

The Federal Reserve is meeting this week…but with inflation still above target and the labor market only slightly softening, any rate cuts will be limited in early 2026. That’s the view from economist Jason Schenker, who heads Prestige Economics and chairs The Futurist Institute. Check out this MoneyShow MoneyMasters Podcast excerpt for more. 

Get the BEST Picks for ‘26 - from the BEST MoneyShow Experts

Want to get the BEST stock picks for ‘26…from the BEST MoneyShow experts? At no cost? Then download your copy of our MoneyShow 2026 Top Picks Report! You’ll get 68 red-hot picks from 39 different experts — across all major market sectors. Tap the link below to access yours today…

• SPX: Breadth, Volatility Indicators Still Bullish Despite Greenland Tantrum
  👉️ TICKERS: VIX, SPX

  This past week has seen volatile moves in both directions. But there are several facts to the technical picture that have emerged as a result of all of this, advises Lawrence McMillan, editor of Option Strategist.

• Market Rotation: How to React as Leadership Shifts Behind the Scenes

  👉️ TICKERS: IWM, SPY

  Global markets opened the year with a tone of cautious confidence. Equity indices, however, tell only part of the story. Major benchmarks have been largely flat, masking a pronounced internal rotation, notes Michael Gayed, editor of The Lead-Lag Report.

🎰 📈 Prime your portfolio for maximum profit in 2026—at the MoneyShow/TradersEXPO Las Vegas! Click HERE to join 100+ experts for three days of education and fun, Feb. 23-25, 2026, at the Paris Las Vegas!

✈️ 📈 This Aviation Stock Is Flying High. (Barchart)