GATA

Bullion Star: Silver market begins 2026 in a structural breakdown 

Section: Daily Dispatches

From Bullion Star, Singapore
Monday, January 5, 2026

As we step into 2026, the silver market is capturing global attention like never before. After surging more than 150% in 2025, prices are hovering around US$73 per ounce in early January. What investors are now witnessing is not a typical cyclical rally, but what increasingly resembles a fundamental repricing of silver as both an industrial necessity and a monetary metal.

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1-kilogram LBMA gold bars begin trading on Lagos exchange

Section: Daily Dispatches

Kian Smith to List Over 21 Billion Naira Worth Of Gold Bars On Lagos Commodities and Future Exchange

By Joshua Bassey
Business Day, Lagos, Nigeria
Tuesday, January 6, 2026

Kian Smith FZE is set to list and trade over 21 billion naira worth of 1-kilogram LBMA hold bars on the floor of Lagos Commodities and Futures Exchange.

Adam Sharp: Silver miners have begun to print money

Section: Daily Dispatches

By Adam Sharp
Daily Reckoning, Baltimore
Tuesday, January 6, 2026

Precious metal miners have done very well over the past year.

But today I’m going to show why silver miners in particular have much further to run based on current metal prices (hint: it involves a 10x increase in profits).

In 2025, gold rose about 70%. Silver jumped an impressive 130%.

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Jamie McGeever: Trump's Venezuela oil grab renews 'petrodollar' issue

Section: Daily Dispatches

By Jamie McGeever
Reuters
Tuesday, January 6, 2026

There were likely many motives behind America's capture and arrest of Venezuelan President Nicolas Maduro on Saturday, but one little-discussed factor could be the White House's concerns about the waning global prominence of the "petrodollar."

Venezuela's oil output is currently modest at barely 1 million barrels per day, but its reported reserves of around 300 billion barrels -- 17% of the global stock -- are the world's largest.

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Craig Hemke for Sprott Money: Futures data shows physical demand is propelling silver

Section: Daily Dispatches

5:12p ET Tuesday, January 6, 2026

Dear Friend of GATA and Gold:

Market analyst Craig Hemke of the TF Metals Report, writing yesterday at Sprott Money, reviews recently released futures trading data from the New York Commodities Exchange and concludes that the sharp rise in silver prices is not being driven by mere speculation but by heavy demand for real metal. Hemke's analysis is headlined "Caught Up On CoTs -- 2026 Silver Price Surge" and it's posted at Sprott Money here:

The Bank of England's Venezuelan gold conundrum

Section: Daily Dispatches

What's the 'conundrum'? As long as the UK refuses to recognize Venezuela's government, the Bank of England remains free to swap and lease the country's impounded gold for price control. Indeed, maybe the gold already has been swapped and leased a dozen times.

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By Richard Partington
The Guardian, London
Tuesday, January 6, 2026