Gold And Silver Up On Sentiment Report

GOLD

Gold and Silver are higher in today’s trading ahead of the weekend before the winter Holidays, with Gold and Silver showing gains and Gold setting new session highs.
Data released from the University of Michigan indicates a decline in consumer sentiment in the U.S., coming in at 52.9, below the forecasted 53.5. This is helping to drive the U.S. dollar index down and support the rising Silver prices.
Trading is quieter ending this week as we approach the Christmas holiday, but this year has seen some incredible gains with Gold rising about 65% and Silver 128% over the course of the year.

At 11 am PT today, Gold is trading at $4,348, up $20 as we head into the weekend.

SILVER

Silver prices are up over $2 heading into the weekend, with tight supply, strong industrial demand, and the lower-than-expected consumer sentiment data supporting Silver, and are likely to keep driving prices up into 2026.
With the high industrial demand from renewable energy growth and the increasing demand for AI data centers, a number of analysts have predicted a move to or even beyond $75 in the new year, though it is unlikely to repeat its nearly 130% gains from 2025.

At 11 am PT today, Silver is trading at $67.25, up $2.05 for Friday.