Gold & Silver Afternoon Update 11/18/2025 | The Bregar Minute
A volatile rest of the day for the precious metals, largely because of a re-coupling of gold with the stock market after the S&P cash open. First, a flush into the London close, then a short covering rally into the overnight high (triggered by Saudi MBS’ surprise decision to increase US investments to $1 trillion), and finally one more hard-to-explain flush into the S&P cash close. The fact that gold & silver gave up their afternoon breakouts above their COMEX closing ranges, alongside the late stock market selloff, is discouraging for the bulls and warrants caution once again going into overnight trade. Tomorrow’s calendar features the UK’s October CPI report and the FOMC Minutes, which should hopefully shed some light on Powell’s brazen decision to push back on December rate cut odds.
This material is provided strictly for informational purposes and should not be construed as investment, legal, tax, or financial advice. Precious metals and other investments involve risk and may not be suitable for all investors. Past performance is not a guarantee of future results, and market conditions can change without notice. The information presented is believed to be reliable; however, no representation or warranty, express or implied, is made as to its accuracy, completeness, or timeliness. No liability will be accepted for any loss or damages arising from the use of, or reliance on, this material. This publication does not constitute an offer, solicitation, or recommendation to buy or sell any product, security, or investment strategy. Readers should consult with independent financial, legal, tax, and other professional advisors before making investment decisions. All product names, trademarks, and company names mentioned are the property of their respective owners. Reference to them does not imply endorsement.