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Q1 2026 Metals Update
The momentum within the metals markets has shifted from a surge to a full-scale breakout. Following a historic 2025, gold and silver prices have increased since the start of 2026, underpinned by a wave of liquidity. Metals futures and options reached a new milestone on January 30, hitting a record single-day volume of 4.2 million contracts, with January averaging 2.8 million contracts traded per day This record volume was anchored by our Micro Silver futures contract, which contributed over 715K contracts on January 26. The impressive start to 2026 builds on the volatility of 2025, which saw metals volume increase by ... (full story)