Gold & Silver Afternoon Update 12/29/2025 | The Bregar Minute
An unsurprisingly challenging rest of the day for the precious metals. We saw modest bounces with the stock market since the COMEX closes, but neither metal came anywhere close to re-attacking its overnight range. This hints that there’s a lot of trapped bulls out there who fell for this bogus “bank failure / forced silver short covering” rumor, haven’t liquidated and are now hoping that prices recover. This usually doesn’t bode well for a sustainable recovery the next day because the first decent bounce will be seen as a chance to get out (recall the rest of the week after gold’s tumultuous Oct 21 plunge). China’s reaction to today’s selloff will be pivotal to this thesis tonight. Will they buy again after getting burned last night? Or will they stay away and let the dust settle, much like they did after Oct 21?
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