Gold & Silver Morning Update 11/10/2025 | The Bregar Minute
A glorious start to the week for the precious metals overnight thanks to strong risk-on sentiment (global equity rallies and USD selling) following a 60-40 US Senate procedural vote to advance the funding bill on Sunday, the first step towards ending the US government shutdown. The rest of the weekend new cycle was also very supportive: both the US & China suspending retaliatory port fees, Goldman reiterating its call for the Fed to cut in December, and headlines that gold had overtaken US treasuries at central banks’ top reserve asset. More inflationary fear-mongering from the Fed’s Daly knocked the precious metals below their COMEX open ranges about 20mins ago, which now technically warns of some consolidation for the rest of the day, but I suspect that are many bulls on the sidelines who missed this move (understandable given last week’s poor price action) and will want to get in at some point given gold & silver’s now solid breakouts above the Oct 31 highs.
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