Gold & Silver Setting Record Highs

GOLD

Yes, we are here, and the only question is what’s next?

Goldman Sachs hiked their December 2026 forecast to $4,900 per ounce I’m looking for $5,000 per ounce by Summer 2026

Gold moved over $4,000 per ounce early this morning in Hong Kong, kept on moving higher in India, London, and the U.S, reaching a high of $4,060 before seeing some light selling. What is interesting is that at this price level the demand has not diminished. A short pause above $4,000 would be healthy for the long-term Gold market, but it hasn’t shown signs of a pause for the past seven weeks.

At 11am PT today, Gold is up $66 per ounce at $4,051 on excellent volume.

SILVER

Silver is showing excellent price support and demand.
Silver moved back above $48 per ounce in China and, like Gold, kept moving higher. It crossed the $49 per ounce level on the opening of New York trading, then reached a high of $49.59.

At 11am PT today, Silver is trading at $49.48 per ounce, up $1.73 on excellent volume.