🧭 Chart Radar - Friday January 23, 2026

This week feels less like one unified market and more like several different stories unfolding at the same time.

Some areas are absolutely ripping. Others are going nowhere…

And a few feel like they’re quietly setting up for something later.

That divergence is really the defining theme right now.

🌡️ Market Pulse

The most obvious place to start is metals:

• Silver went parabolic today, pushing above $100 an ounce.

• Gold continues its relentless trend higher and is now pressing up against $5,000, which is both a technical and emotional level.

• Platinum joined the party as well, printing a fresh breakout.

There’s no subtle way to say it…

Metals are the strongest momentum trade on the board right now.

At the same time, equities are holding up well:

• Major indices are either at or near all-time highs, but the character of the move has been interesting.

• Leadership hasn’t been concentrated solely in the mega caps, and small caps have started to show real life.

Bitcoin remains stuck:

• Price continues to chop between roughly $85k and $95k, and crypto sentiment feels pretty negative overall, especially as crypto investors watch metals go vertical without Bitcoin participating.

That tension raises an important question in the background…

Is the metals run a one-off, or is it acting as a bellwether for where capital rotates next?

Let’s jump into the charts…