Gold and silver look to continue historic move higher in 2026, says KKM's Jeff Kilburg

Group 1: Precious Metals Market - The current market for silver shows a near 20% price movement from peak to trough, with recent futures prices dropping from $8260 to $70 [2] - The increase in margin requirements by the CME Group for silver futures has impacted trading behavior, leading to profit-taking and position liquidations [2][3] - Despite recent pullbacks, silver is still up 170% year-to-date, significantly outperforming gold, which is up 100% [4] Group 2: Interest Rates and Economic Outlook - Anticipation of lower interest rates by 2026 is expected to act as a catalyst for higher silver prices, with a target price of $90 to $95 [3][4] - The expectation of a change in Federal Reserve leadership may influence interest rates, potentially bringing the 10-year note below 4% [7] Group 3: Stock Recommendations - Home Depot is identified as a quality blue-chip stock to buy, particularly due to expected lower interest rates and a decrease in lumber prices by about 20% year-to-date [6][8] - Amazon is highlighted for its integration of AI and potential for growth, despite being a laggard in the MAG 7 group [10] - Berkshire Hathaway is viewed positively for its potential to benefit from divestitures, with expectations of a price increase based on the sum of its parts [12]