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The Turbulent Weekend Shakeup in Metals and Digital Assets

George Gammon's weekly wrap-up for the week ending on February 1, 2026.

Silver’s brutal plunge grabbed headlines this weekend, shattering records and leaving investors reeling from the fallout. Friday saw prices crater by almost 30 percent at their lowest point, the sharpest one-day decline since 1980. Gold joined the frenzy, soaring past $5,500 intraday before surrendering massive gains. These aren’t just numbers on a screen...they highlight how quickly hype can turn to havoc in overheated markets. What triggered this reversal after weeks of relentless climbs, and could it foreshadow bigger economic tremors ahead?

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