Weekly Market Overview for Week of Monday – January 5, 2026

This week, precious metals continued their impressive advance, with silver emerging as the clear leader. 

Silver spent most of the week in the upper $70s per ounce and closed just below $80, marking a triple-digit gain year over year and experiencing sharp midweek volatility.

Gold held strong above $4,450 per ounce, ending the week near $4,510. The gold/silver ratio compressed into the mid-50s, favoring those with heavier silver holdings. 

The rare coin market maintained a constructive tone, with certified pieces and silver coinage seeing brisk trade as melt values rose alongside spot prices.

 

Daily Market Breakdown

 

Monday, January 5 

The week opened with a dramatic surge in silver, which traded at $76.54 per ounce on Monday, January 5, representing a 4.17% daily increase and a remarkable 155.64% gain over the past year. 

Gold also rallied, standing at $4,373.74 per ounce, as both precious metals benefited from heightened industrial demand, persistent scarcity, and a robust safe-haven bid from investors seeking protection against economic uncertainty. 

Narrowing, but still wide, bid-ask spreads in the silver market underscored strong liquidity conditions for sellers, while the rare coin sector drew attention to historical U.S. gold rarities and the potential for modern commemorative issues to gain future collector interest. 

 

Tuesday, January 6 

Tuesday, January 6, saw gold continue its momentum, opening at $4,468 per ounce and silver rising to $78.54, sustaining its outperformance over gold with a 162.32% year-over-year gain. 

The market was characterized by tight physical supply, strong industrial demand, and persistent safe-haven flows as investors navigated ongoing policy uncertainty. 

Analysts highlighted silver’s greater volatility and accessibility compared to gold, alongside bullish sentiment for both metals. 

Meanwhile, the rare coin market remained active, with price guide updates and a focus on the rising melt value of common-date pre-1965 silver coins, signaling a favorable environment for sellers as premiums on lower-grade silver narrowed. 

 

Wednesday, January 7 

Midweek on Wednesday, January 7, silver outpaced gold even further, closing at $82.47 per ounce, up 7.57% on the day, while gold also gained, ending at $4,492.91. 

The gold/silver ratio dropped to 54.48, reflecting silver’s robust performance. 

The CME Group imposed a 47% margin hike on silver futures, signaling attempts to temper the rally and manage volatility. 

Tight supplies, strong industrial use, and investor demand continued to drive the market, with analysts noting the favorable environment for liquidating silver-heavy rare coin portfolios. 

Despite the volatility, sentiment remained bullish, and both precious metals and equities rallied in tandem, providing sellers with opportunities to capitalize on peak prices.

 

Thursday, January 8 

On Thursday, January 8, prices pulled back as gold closed at $4,463.74 and silver at $78.76 per ounce. 

Volatility persisted, with silver experiencing a 4.70% daily drop, though it remained up over 146% year-over-year. The gold/silver ratio rose slightly as silver led the decline. 

Dealers reported heavy scrapping of common-date silver coins as melt values approached or exceeded numismatic premiums, straining refinery capacities and narrowing bid-ask spreads. 

The U.S. Mint’s silver offerings saw strong demand, and sentiment stayed bullish despite the day’s correction. 

The rare coin market was described as “very robust,” with consignors and bidders active ahead of major auctions, and sellers of circulated silver coinage found a receptive market due to the ongoing physical squeeze.

 

Friday, January 9 

Friday, January 9, marked a sharp rebound for silver, which closed at $79.92 per ounce, up 5.81% from the previous day and 161% from a year earlier. 

Gold held steady near $4,490.56 before closing at $4,474.83. 

The market was fueled by multi-year supply deficits, reports of physical shortages, and an “explosive bounce” in silver prices. 

UBS and other analysts raised silver targets into the triple digits, with gold also forecasted to reach $5,000 or even $6,000 in 2026. 

The U.S. Mint reported ongoing shortages in silver bars and coins, while rare coin auctions continued to draw eager participation, signaling robust liquidity for sellers. 

Bid-ask spreads in bullion-linked and 90% silver coinage remained tight, boosting liquidity but pressuring premiums on lower-grade material.

 

Saturday, January 10 

As the week drew to a close, gold and silver maintained strong momentum into the weekend. 

On Saturday, January 10, gold closed at $4,510.21 per ounce, up 0.78%, while silver gained 4.13% to finish at $79.96, compressing the gold/silver ratio further to 56.40. 

Early 2026 gains stood at 4.3% for gold and 12.4% for silver.

Technical forecasts pointed to further upside, though the overvaluation suggested the potential for near-term retrenchment. 

A major news driver was a Federal Reserve crisis, which intensified safe-haven flows into precious metals. 

Rare coin market news highlighted Jefferson nickels as a “target coin of 2026,” suggesting rising collector interest in select modern series.

 

Sunday, January 11 

Sunday, January 11, saw gold hold steady at $4,510.21 per ounce, with silver at $79.92. 

The gold/silver ratio remained compressed, and sentiment across precious metals and rare coins was strongly bullish. 

China introduced new export controls, limiting silver exports to just 44 companies for 2026–27, echoing earlier rare earth restrictions and signaling ongoing resource nationalism. 

Western governments responded with plans for critical minerals reserves and price floors. 

These regulatory developments, combined with persistent supply deficits and strong industrial demand, continued to bolster prices and support a seller-friendly environment. 

The rare coin market remained resilient, particularly at the high end, and sellers of both bullion and rare coins benefited from tight spreads and robust demand.

Looking ahead, market participants are watching U.S. labor data, Federal Reserve signaling, and any further exchange margin changes that could influence volatility and liquidity. 

 

Thinking About Selling Your Rare Coin Collection?

Thinking about selling your rare coin collection?

Coinfully specializes in purchasing numismatic treasures and precious metals from collectors nationwide. 

Our expert team provides fair, competitive offers based on current market conditions. 

Whether you have individual rare coins, complete collections, or precious metals, we make the selling process simple and transparent. 

Contact Coinfully today for a confidential consultation and free online coin appraisal.

The post Weekly Market Overview for Week of Monday – January 5, 2026 appeared first on Coinfully - the Best Way to Sell Coins | Free Appraisals.

Original post here: Weekly Market Overview for Week of Monday – January 5, 2026