Market Insight: On December 24, 2025, the global precious metals market witnessed an unprecedented rally, with gold and silver prices continuously setting new records. Spot gold surged past the $4,500 mark, while silver broke through the critical $70 per ounce level. Platinum also reached historic highs, and palladium climbed to a three-year peak. This upward momentum has been driven by multiple factors, including geopolitical tensions, expectations of Fed rate cuts, a weaker U.S. dollar, robust industrial demand, and active central bank purchases. The precious metals market appears to be in a super bull cycle, with silver up 150% year-to-date, gold soaring 72%, and platinum and palladium rising 155% and 107%, respectively.
With Christmas Eve on Wednesday, most European and U.S. markets are closed or closing early, and no major economic data is scheduled for release. Trading is expected to be thin, but investors should remain cautious about potential short-term profit-taking risks. Looking ahead, continued industrial demand and persistent safe-haven sentiment suggest further upside for precious metals. Investors should closely monitor Fed policy shifts and global geopolitical developments to identify potential opportunities.
Gold Technical Analysis: Gold’s rapid and aggressive rally is primarily fueled by geopolitical risks and expectations of Fed rate cuts. On Monday, gold surged in a one-sided uptrend, while Tuesday saw a volatile session—rising, then falling, before rebounding to set new highs twice. This indicates strong market appetite for gold ahead of the U.S. holiday season, with potential for further gains. However, Tuesday’s late-session dip to $4,430 serves as a reminder to avoid overly aggressive bullish positions. For Wednesday, traders should watch for pullbacks before entering long positions, with key support levels at $4,480 and $4,450. Strategist Yang Zhenjin advises buying on dips while maintaining an open-ended bullish stance, with technical resistance at $4,545 and $4,600.
Silver Technical Analysis: Silver has broken above the $70 resistance level, currently trading near $72.60. Moving forward, traders should adhere to two principles: first, maintain a bullish bias without attempting to call a top or shorting the market; second, consider buying on pullbacks with a short-term perspective, staying sidelined if no correction occurs. Key support levels to watch on Wednesday are $70.30 and $70. Yang Zhenjin suggests entering long positions near these levels.
Disclaimer: Market analysis and trading strategies are for reference only and do not constitute investment advice. Investors should conduct their own risk assessments before making decisions.
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