# Silver’s Historic January Rally Ended by the Biggest Intraday Price Drop

Page: https://stenobird.com/podcast/sd-bullion-6239204/silver-s-historic-january-rally-ended-by-the-biggest-intraday-price-drop
Text version: https://stenobird.com/podcast/sd-bullion-6239204/silver-s-historic-january-rally-ended-by-the-biggest-intraday-price-drop.md
Podcast: [SD Bullion](https://stenobird.com/podcast/sd-bullion-6239204)
Published: 2026-01-31T14:19:40+00:00
Episode link: https://sdbullion.podbean.com/e/silver-s-historic-january-rally-ended-by-the-biggest-intraday-price-drop/
Audio file: https://mcdn.podbean.com/mf/web/txmq53btxtvmkqzb/SDB_Mkt_Update686ao.mp3
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Duration seconds: 729

## Resource

January 2026 will be remembered as a shock month for precious metals, delivering silver’s best performance in decades and volatility that caught even veteran market watchers off guard. Silver price started the year near $70 on January 1 and surged to an all-time nominal high of $121 on January 29—then everything changed. In less than 30 hours, the market violently reversed, with silver plunging from its peak. By Friday afternoon, January 30, prices bottom just below $75 per ounce, marking one of the most brutal daily corrections in silver’s trading history. Gold and the broader precious-metals complex were swept into the chaos as well, with massive upside and downside moves packed into a single week. Silver surged, then crashed in dramatic fashion—listen to understand what unfolded last week behind the price action.

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