Silver Market Highlights - January 29, 2026
Major Government Mint Shuts Down Silver Sales
A major government mint is shutting down silver sales within the next 24 hours, potentially causing a significant supply side shock in the silver market.
Verified: The U.S. Mint announced on January 29, 2026, that silver numismatic products are being temporarily removed from sale for pricing updates due to rapidly rising silver prices, as reported by CoinNews.net and other sources.
Silver Retail Sales Surge
Retail sales of silver are up 4-5 times, indicating strong demand despite market conditions.
Verified: Retail and investment demand for silver has seen an extraordinary rise in 2026, with sources like The Guardian and Economic Times reporting surges linked to industrial and investor interest, though exact multiples vary.
Silver Price Bounces After Morning Drop
Gold and silver have bounced and retraced over half of the morning's market decline.
Verified: On January 29, 2026, silver experienced a violent intraday drop of about 12% before bouncing from lows around $107, as per FOREX.com analysis.
Silver Selling Concentrated in U.S. Market Hours
Nearly all selling in silver this week occurred during U.S. market hours, with the U.S. dumping digital derivatives while the rest of the world accumulates physical metal.
Verified: Intraday price movements on January 29, 2026, show significant drops during U.S. trading hours followed by recovery, aligning with patterns reported by Kitco News and market data from CME Group.