Core Viewpoint - The precious metal market, particularly gold, experienced significant gains in 2025, with gold rising over 66% and reaching approximately $4,325 per ounce by year-end, marking the best percentage gain since 1979 [1][9]. Gold Market Insights - Bank of America forecasts gold prices to reach $5,000 per ounce, driven by continued central bank buying, rising U.S. fiscal deficits, and a weaker U.S. dollar, which fell over 6% in 2025 [2][3]. - The bullish sentiment in the gold market is supported by the absence of factors that typically end bull markets, according to Bank of America strategist Michael Widner [3]. Performance of Other Precious Metals - Silver also had a record year, gaining over 142%, while copper advanced by over 41%, marking the largest one-year gains since 2009 [8][9]. - Exchange-traded funds linked to these precious metals mirrored the gains seen in the underlying metals during 2025 [9]. Federal Reserve Actions - The Federal Reserve cut interest rates for the third consecutive time in December 2025, indicating a potential resumption of treasury buying, which may support the precious metals market [15][16]. - Reserve management purchases are expected to amount to $40 billion in the first month, with the potential for elevated levels to alleviate near-term pressures in money markets [15]. Market Sentiment - MacroMavens president Stephanie Pomboy expressed surprise at the rapid rise in precious metal prices but anticipates further increases, attributing this to a shift towards hard assets over paper assets [12].

Market Performance - US stocks opened positively in 2026, with the Nasdaq Composite leading gains by over 1%, while the Dow Jones Industrial Average and S&P 500 increased by more than 0.2% and 0.5% respectively [1] - The S&P 500 rose over 16% in 2025, and the Nasdaq Composite saw a more than 20% increase [2] Economic Outlook - The outlook for 2026 is optimistic, with all Wall Street forecasters predicting a stock rally for a fourth consecutive year [3] - However, potential risks include a possible falter in the AI boom, unexpected changes in the US economy, and uncertainties surrounding President Trump's tariff policies [3] Commodity Market - Gold and silver prices advanced at the start of 2026, building on their best annual performances since 1979, while aluminum prices surpassed $3,000 per ton for the first time since 2022 [3] Federal Reserve - The Federal Reserve is expected to maintain its current interest rates, although there are mixed expectations for the March meeting, with divisions within the central bank likely to persist [4] - President Trump is anticipated to appoint a new chair to replace Jerome Powell this month [4]

Group 1 - The year 2025 is marked by significant changes in the international landscape, witnessing a super bull market in precious metals, with international spot gold rising nearly $1,700, a 65% increase [4] - Domestic gold and gold TD prices have surged, with two attempts to break the 1,000 yuan per gram barrier [5] - International spot silver recorded a $42 increase, with a rise of over 145%, while domestic silver prices touched 20,000 yuan per kilogram [5] Group 2 - The international situation in 2026 is expected to remain turbulent, with high US debt, de-dollarization, and global central banks purchasing gold supporting the continuation of the precious metals bull market [7] - International spot silver is projected to reach a target of $100, while gold may aim for $4,550 after adjustments [7] - The market is anticipated to face stronger bearish pressures in 2026, particularly for silver, platinum, and palladium, indicating a coexistence of opportunities and risks [7]

Core Viewpoint - The recent drop in silver prices presents a favorable entry point for investment, despite a significant increase in prices throughout 2025 [1][11]. Price Movement - Silver prices surged from approximately $30 to an all-time high of $80 in 2025, but experienced a sell-off with a decline of up to 10% on December 29 [1][2]. - The iShares Silver Trust (SLV) saw a rise of 162% during the year but fell by about 8.5% on the same day [2]. Market Dynamics - The sudden drop in silver prices is attributed to concerns of a speculative bubble and profit-taking by traders [3]. - The current price of SLV is $64.42, with a day's range of $63.53 to $66.88 and a 52-week range of $26.57 to $71.22 [3]. Demand Factors - Silver's industrial applications are significant, particularly in AI data centers, electric vehicles, solar cells, batteries, and medical equipment [4][5]. - The demand for silver is expected to rise due to the ongoing expansion of AI infrastructure and electric vehicle production [5][8]. Supply Factors - There is a supply crunch for silver, with the U.S. Department of the Interior designating it as a critical mineral due to its importance in AI and other technologies [7]. - The global electricity consumption for data centers is projected to increase significantly, indicating a growing demand for silver [8]. Economic Environment - The Federal Reserve's easing monetary policy is favorable for silver prices, as it boosts industrial activity and weakens the dollar [9]. - The accessibility of silver compared to gold makes it a more attractive investment for retail investors during precious metal rallies [10]. Investment Outlook - The expectation of continued interest rate cuts by the Federal Reserve, along with the ongoing growth in AI and renewable energy sectors, positions silver as a strong investment opportunity for 2026 [11].

Gold (GC=F) and silver (SI=F) swung downward Wednesday, but 2025 will go down as one of the best years for the metals in decades. Gold futures fell to about $4,350 per troy ounce, while silver futures tumbled roughly 10% after the Chicago Mercantile Exchange raised margin requirements on precious metal contracts for a second time in a week, forcing out leveraged positions. Even with the late-year volatility, gold has surged around 65%, while silver has more than doubled this year, marking their stronges ...

Core Viewpoint - The statement indicates a proactive approach to financial planning, specifically regarding the inclusion of beneficiaries in a 401(k) retirement plan [1] Group 1 - The company emphasizes the importance of designating beneficiaries for retirement accounts [1]

NEW YORK, NY / ACCESS Newswire / December 31, 2025 / Silver has never needed much attention to matter. It sits quietly inside the systems modern economies rely on: power generation, electronics, data infrastructure, and advanced manufacturing. ...

来源：@究竟视频微博 【#银价狂飙水贝快没现货了# ！实探：料商已"爆单" 商家加价备货 #商家称白银市场90%以上都是投机 #｜一探】11月下旬以来，国内银价大涨，但是水贝市场现货非常紧张。第一财经记者实地探访深圳水 贝市场了解情况。在一家售卖银饰的店铺，工作人员告诉记者，虽然白银价格上升，销量也明显提升， 但是目前在市场上"一银难求"，购买不到白银板料，甚至需要加价购买银条来生产白银饰品。还有商家 告诉记者，因白银市场需求激增，白银料商供不应求，排单都需要接近一周。有业内人士表示，白银价 格在月内接近翻倍，目前白银市场90%以上的都是投机行为。更现场、更财经，一探究竟！ ...

NEW YORK, NY / ACCESS Newswire / December 31, 2025 / Silver rarely announces itself. It lacks gold's mythology and copper's growth narrative, yet it quietly underpins the systems modern economies depend on: electricity, efficiency, and precision. ...

Nevertheless, the physical demand for silver still far outweighs supply, and this price pullback is already back over $77 and climbing. What’s more interesting and telling is an analysis from Dutch investment specialist Karel Mercx. By calculating the opposite (multiply by -1) of the silver swap rate minus US interest rates, one can use the product as a proxy for the implied silver lease rate to determine physical shortage in the London silver market. This would factor in physical silver costs, such as stor ...