Take It to The Limit. Manic Metals Report 01/16/2026

The silver futures on their quest to $100 seems to be stalling out in the high $93 handle near 9370 has more supply is being found as prices go up and reports that the Singapore exchange is going to put position limits on buyers of silver which could reduce near term demand the position limits in Singapore are probably designed to make sure that the exchange has enough supply to deliver and to try to slowed down some of the speculative fever that we have seen. The exchange seems to be limiting the contracts of new positions to 3000 which is still pretty sizable, but it is another way that the market can slow down the silver market mania,

Higher silver prices lead to increased supply, even though global silver reserves remain limited. These prices are uncovering new sources of silver, so it might be time to see what your silver items could be worth.

in the meantime, Canadian Prime Minister Mark Carney seems to be moving closer to communism After meeting with  Chinese  Communist leader Xi Jinping on Friday. It seems like Mark Carney is bending over to play ease the Chinese leader because he can’t seem to be able to stand up to President Donald Trump. China and Canada reached a wide-ranging agreement to lower trade barriers and rebuild ties, with Canada expecting China to cut tariffs on Canadian rapeseed.

Canada will allow Chinese electric vehicles into its market at a tariff rate of about 6%, down from the current rate of 100%, and China will offer visa-free travel to Canadians.

The agreement involves tariff concessions, with Canada expecting canola tariffs to decrease from 85% to approximately 15% by March 1. Additionally, Beijing will suspend anti-discrimination duties on other agricultural products. There is speculation regarding whether similar actions taken with the United States would influence the dynamic between the parties involved. It has also been suggested that Carney may perceive common ground with the Chinese Communist Party.

The Copper Market was not impressed,   Barrons reported that Copper prices have surged over 25% in the past three months, reaching over $13,300 a ton on the London Metal Exchange. Goldman Sachs analysts predict a potential fall in LME copper prices to $11,000 a ton by December 2026 due to easing market fundamentals. Weakening electric-vehicle sales and the potential for manufacturers to switch to aluminum pose downside risks to copper demand.

On the Flipside Present Trumps move to get big tec to help rebuild the US Power Grid is very bullish copper long term . The Trump Administration is set to spark a major shift in the nation’s energy landscape by proposing an emergency auction for tech giants to bid on building new power plants. This forward-thinking initiative, as reported by Bloomberg and the Wall Street Journal, targets the largest U.S. power grid operator—PJM Interconnection—which manages electricity for 67 million people across 13 states and Washington, D.C. By involving leading tech companies like Alphabet, Amazon, Meta, Apple, and Tesla, which are poised to earn nearly $2 trillion from artificial intelligence this year, the plan tackles the growing challenge of rising electricity costs fueled by data center demand.

The objective is clear: keep power affordable for consumers by ensuring those driving higher energy usage help create the infrastructure needed to support it. President Trump’s strategy benefits everyone—consumers get reliable, reasonably priced electricity, while tech companies secure a robust grid to meet their expanding needs. By making these industry leaders partners in the solution, the government aims to build a stronger, more sustainable energy future without shifting the financial burden onto everyday Americans. It’s an ambitious and positive step toward balancing innovation and affordability in the power sector.

Also, bullish metals . Make sure you call me if you have any metals questions or needs at 888-264-5665 or e-mail me at p.flynn@pricegroup.com and stay tuned to the Fox Business Network.