Metals Mayhem ๐ The Daily Chart Report
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Todayโs Summary
Friday, January 30, 2026
Indices: Dow -0.36% | S&P 500 -0.43% | Nasdaq -1.28% | Russell 2000 -1.55%
Sectors: 5 of the 11 sectors closed higher. Consumer Staples led, gaining +1.68%. Tech lagged for the second straight day, dropping -2.04%.
Commodities: Crude Oil rose +0.44% to $65.71 per barrel. Gold slid -8.80% to $4,883 per oz.
Currencies: The US Dollar Index rose +1.00% to $97.11.
Crypto: Bitcoin is currently down -0.34% at $84,219. Ethereum is down -4.12% at $2,701.
Volatility: The Volatility Index rose +3.32% at 17.43.
Interest Rates: The US 10-year Treasury yield rose to 4.245%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
๐ Todayโs Chart of the Day was shared by Andrew Thrasher (@AndrewThrasher).
- Following a historic rally, the Silver ETF ($SLV) posted its worst day ever today, plunging nearly -30%.
- Silver was just one of many metals that got crushed today, as Gold and Platinum also suffered record-worst sessions.
- This sharp unwind serves as a reminder that even the strongest trends can be vulnerable to abrupt positioning resets.
The Takeaway: The metals trade was violently slammed today, with Silver, Gold, and Platinum experiencing major downside pressure.
Quote of the Day
โNothing good happens when
you donโt manage risk."
- Paul Tudor Jones
Top Links
January Barnburner: Gold Soars And Crashes, Stocks Rally, Bonds Quiet - SeekingAlpha.com
Mike Zaccardi reviews the key takeaways from January.
7,000 and the Golden Ratio: The S&P 500 Moment of Truth - TrendLabs
JC Parets notes the significance of the golden ratio.
Is Diversification Finally Working Again? - A Wealth of Common Sense
Ben Carlson explores whether diversification is regaining its effectiveness.
The Commodities Breakout You Canโt Afford To Ignore - The Trading Initiative
TTI highlights the implications of a sustained breakout in commodities.
Identifying Tops With Technical Indicators - Leavitt Brothers
Jason Leavitt walks through technical tools used to identify market tops.