Gold & Silver Morning Update 10/20/2025 | The Bregar Minute
A choppy start to the week for gold & silver overnight as the negative influence of two palladium price slams (just before 8pmET last night and another during the typically illiquid 1amET hour) competed with the positive influence of generally lower G7 bond yields since the European open. This morning’s breakout above the Asia high / 55hr moving average for gold correlated nicely with algo buying at the COMEX open, drop to new session lows for US yields, and the EU’s Kallas threatening more sanctions against Russia. However, it’s now being put to the test somewhat with big gold & silver algo selling at a strong S&P cash open (perhaps on the idea that the latter will make US yields bounce). Silver looks relatively weaker here (already giving up its breakout above the COMEX opening range as the PGMs find sellers again near the weekly open).
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