Gold & Silver Afternoon Update 11/25/2025 | The Bregar Minute
A disappointing rest of the day for the precious metal bulls. Between this morning’s weak US economic data set (which also included a weaker-than-expected November CB Consumer Confidence number) and news that dovish White House economic advisor Kevin Hassett has emerged as the frontrunner for the next Fed chairman, the bulls had ample opportunity to bust prices above yesterday’s highs, but they completely failed. Instead, they allowed the trading algorithms to knock gold lower with NVDA’s 3% selloff after the S&P cash open, and Bitcoin’s 2% decline this afternoon. This illogical price action is extremely frustrating; proves to me that the bulls are really not back yet and that we’re still trading at the mercy of bearish forces that put on / take off positions willy-nilly with idiosyncratic volatility in the equity / crypto markets. Today’s upcoming NY closing prints look like they’ll be indecisive in terms of a directional bias (doji daily candlestick patterns for both gold & silver), which is honestly not shocking at this point because who the heck knows what Bitcoin wants to do tomorrow.
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