In this video: Chief Market Strategist Gareth Soloway uses technical analysis to give a pure probability based assessment of the gold and silver charts. Gareth alerts that gold pulled back to a major trendline and held, in addition, it is back above its October 2025 highs. As long as this trendline holds, the bias remains bullish on gold. For silver, a nasty reversal candle and major emotional investors have put in a reversal candle. This is bearish unless the high near $84 can be broken. In other words, the chart bias has now flipped to bearish on silver. Video by Gareth Soloway.
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Gold and silver prices have recently hit record highs in December 2025, but both metals experienced sharp sell-offs and extreme volatility overnight, driven by factors like CME margin requirement hikes and year-end profit-taking. Experts broadly agree the long-term trend remains positive, though near-term consolidation is expected.
Current Status
As of December 30, 2025, gold and silver prices saw significant volatility. Gold reached a record of over $4,500 per ounce, and silver hit a record of over $80 per ounce before both retreated in a sharp correction. This sell-off was partly amplified by low year-end liquidity.
Key Insights
-Record Highs: Both metals saw extraordinary rallies in 2025, with silver outpacing gold in percentage gains.
-Safe Haven & Industrial Demand: Gold is primarily driven by safe-haven demand amidst geopolitical uncertainty, inflation worries, and central bank buying. Silver has a dual nature, with high industrial demand (especially in solar panels and electronics) and investment demand driving its surge.
-Volatility: Silver is typically more volatile than gold due to its smaller market size and higher industrial dependence, leading to sharper price swings.
-Outlook: While near-term corrections are expected, analysts believe the long-term structural foundation for both metals is strong, with potential for further gains in 2026, supported by ongoing geopolitical tensions and a push for portfolio diversification away from traditional currencies.
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