Silver had large overnight range (86.12-93.70), volatility continues in precious metals. Silver prices fell as investors took profits after US decided not to impose import tariffs on critical minerals.

Believes as silver gets closer to $100 mark there will be gravitational pull toward it, but need to watch headlines on import tariffs and taxes on critical minerals.

Gold support at 4340, silver support at 78.85. With $5 average true range in silver, not unusual to see large moves and potentially 2-3 days in one direction.

Gold ETF holdings rose 0.4% YTD to highest since Sept 2022, gold up 7.1% YTD. Silver ETF holdings cut 658,000 troy ounces, silver down 1% YTD. Gold-silver ratio at 50:1.

US equities rising overnight after week of geopolitical tensions, with AI story boosting stocks. ASML and semiconductor equipment stocks surging after TSMC bullish capex target.

Energy and mining shares edging lower, tracking drop in commodity prices. Pressure on energy sector.

Oil down for first time in six days as Trump indicated holding off on attack in Iran. This also paused rally in gold market.

Dollar index at 98.96, Euro at 1.166. Seeing banks giving up on long euro/bearish dollar predictions to start year.

10-year Treasury yields backing off to 4.14% in range of 4.11-4.22. Key resistance on 10-year futures at 112.24.

CME FedWatch shows only 5% chance of January rate cut, 26% for March. January seems forgotten.

VIX at 16.83, short positioning most extreme in about 15 years.

Bitcoin recapturing $97k level, nice boost in cryptocurrencies. XRP looks like it's come back down to support.

European stocks extended record-breaking advance after tech stocks rallied on TSMC results. MSCI Asia-Pacific traded narrow range.