The precious metals of Gold and Silver saw net December gains of +$104.80 (2.5%) to $4322.61, and +$14.85 (26.3%) to $71.26 respectively. For the year, Gold and Silver saw net gains of +$1698.23 (64.7%), and +$42.38 (146.7%).
Gold, monthly1b
Silver, monthly1b
Summary
Gold: printing a new historic high of $4549.98. Price momentum ticked upward, and remains on the very high side. I would note the monthly 10MA at $3612, which was settled above, as the l/t trend remains bullish. The December candle is pretty spiky on the upper side, and threatens s/t cooling.
L/t bullish, 5K appears an easy target for 2026, with 7/8K viable.
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Silver: printing a new
hist' high of $83.62. Momentum continued to tick upward, and is on
the very high side.
I would note the monthly 10MA at $43.52, which was settled above, as the l/t trend remains bullish. The December candle is very spiky on the upper side, and threatens s/t cooling.
L/t bullish, as giant psy'$100 is clearly coming within 2026.
If Gold $7K, silver should be >$150
... with very bullish implications for the related gold/silver miners.
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The gold-silver ratio fell to 60.66, the lowest since 2013. On a long term basis (5+ years) silver could
be expected to outperform gold.
As ever, ratio charts should be
especially treated with caution.
Price action is far more important than any ratio.
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With Bitcoin (as at Dec'31st) around $87K, the Gold-Bitcoin ratio
has dropped, settling December to around 20.25. It remains a
curious thought that it takes a little over twenty 1oz gold coins to
purchase one bitcoin, the latter of which has an intrinsic
value of $0.00
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