According to @w_thejazz, China spot silver is more than 13 dollars above the U.S. quote, which he frames as evidence of tight physical supply and price discovery shifting to the East, source: @w_thejazz on X, Jan 16, 2026. He highlights the January 16 options expiry as a potential trigger, citing stretched paper silver, heavy options flow, and record retail demand that could pressure shorts and lift miners, source: @w_thejazz on X, Jan 16, 2026. Reuters reports retail investors have steered a record amount of cash into silver, creating a crowded trade that may amplify volatility around expiries, source: Reuters, Jan 15, 2026. No direct cryptocurrency market impact is cited by the sources, so any cross-asset read-through is not established by the provided reports, source: @w_thejazz on X, Jan 16, 2026; Reuters, Jan 15, 2026.