Gold & Silver Afternoon Update 9/30/2025 | The Bregar Minute
A very volatile overnight session for the precious metals. First, another rally in Asia last night as expected following yesterday’s strong NY closing prints, and then a big dump during the European AM when platinum & palladium plunged 5% off session highs. Can’t point to a specific trigger for the PGM selloff as that space is opaque, but the technical damage done on the hourly charts has encouraged some selling out of today’s COMEX opening range ahead of this morning’s US economic data barrage. The July Case-Shiller Home Price Index, the Sep Chicago PMI, the Aug JOLTs Job Openings number, and the Sep CB Consumer Confidence report all drop in the next 90mins, and needless to say the bulls will want to see weak data and a precious metal response that recoups as least half of the European AM losses in my opinion. Today’s ebbs and flows for the USD and US yields has not been a driver for the metals at all.
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