Gold & Silver Morning Update 10/21/2025 | The Bregar Minute
A strong rest of the day for the precious metals yesterday thanks to the continued slide for US yields, but gold’s staunch rejection of a breakout attempt above Friday’s highs into the NY close was a warning shot across the bow for the bulls. US yields then bounced at the China open last night, knocking the December gold & silver futures below yesterday’s COMEX closing ranges, and G7 bond yields bounced again into the NY open…unleashing an even heavier precious metal selloff (especially in silver and the PGMs). Early NY trade had a “get me out” feel to it from Western accounts that missed the opportunity to liquidate overnight, despite the reversal lower for US yields…and so we’re due for a bounce. However, gold’s quick collapse back below its 55hr moving average (that it regained strongly yesterday) is technically not good and shifts daily momentum to the bears.
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