AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
12/8/2025:Silver holds gains after new all-time high
Source:
Greetings!
What looked like a quiet Thanksgiving week wasn't quiet at all. Markets—including gold, silver, and the broader precious-metals complex—rallied after reports that White House National Economic Council Director Kevin Hassett is President Trump's leading pick to replace Fed Chair Jerome Powell when Powell's term ends next May. Traders "bought the rumor," betting a more rate-cut-friendly Fed would push interest rates substantially lower—and that lifted risk assets and metals alike.
Then the real shock hit on Thanksgiving night: a CME data-warehouse overheating incident triggered a major disruption, and COMEX trading went dark for more than 10 hours. Precious metals were only one affected sector, but the outage exposed a bigger problem—how fragile global markets can be when critical trading infrastructure becomes reliant upon a single point of failure.
Predictably, conspiracy theories erupted because silver was pressuring the $54.50 area near all-time highs when the shutdown occurred, and some claimed the halt "stopped" a breakout. In this update, we break down what happened and when—and add an overlooked piece of the global trading puzzle that suggests the COMEX halt may have actually accelerated silver's surge, helping prices reach new highs faster and potentially further than they otherwise would have.
We'll also cover the latest moves in gold, platinum, and palladium, all strengthening on the outlook for lower rates. And speaking of rates, we're seeing new warning signs in employment that could force additional rate cuts sooner than many analysts expect—adding even more tailwinds for precious metals.
You can also view this video on the AGE YouTube channel, which includes a transcript.
AGE's Gold Commentary
AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
12/8/2025: Silver holds gains after new all-time high
Source:
Greetings!
What looked like a quiet Thanksgiving week wasn't quiet at all. Markets—including gold, silver, and the broader precious-metals complex—rallied after reports that White House National Economic Council Director Kevin Hassett is President Trump's leading pick to replace Fed Chair Jerome Powell when Powell's term ends next May. Traders "bought the rumor," betting a more rate-cut-friendly Fed would push interest rates substantially lower—and that lifted risk assets and metals alike.
Then the real shock hit on Thanksgiving night: a CME data-warehouse overheating incident triggered a major disruption, and COMEX trading went dark for more than 10 hours. Precious metals were only one affected sector, but the outage exposed a bigger problem—how fragile global markets can be when critical trading infrastructure becomes reliant upon a single point of failure.
Predictably, conspiracy theories erupted because silver was pressuring the $54.50 area near all-time highs when the shutdown occurred, and some claimed the halt "stopped" a breakout. In this update, we break down what happened and when—and add an overlooked piece of the global trading puzzle that suggests the COMEX halt may have actually accelerated silver's surge, helping prices reach new highs faster and potentially further than they otherwise would have.
We'll also cover the latest moves in gold, platinum, and palladium, all strengthening on the outlook for lower rates. And speaking of rates, we're seeing new warning signs in employment that could force additional rate cuts sooner than many analysts expect—adding even more tailwinds for precious metals.
You can also view this video on the AGE YouTube channel, which includes a transcript.
Sincerely,
Dana Samuelson
President