On December 26, amid turbulent global financial markets, gold and silver prices have demonstrated remarkable momentum, driven by safe-haven demand, with both metals reaching new historic highs. During the Asian trading session on December 23, gold prices climbed to a peak of $4,490. Echoing this, silver surged impressively, hitting a high of $69.70, marking a staggering year-to-date gain of over 135%. The sharp rally is primarily attributed to escalating geopolitical tensions. Recent U.S. sanctions on Venezuela's shipping sector have triggered a flood of safe-haven capital into precious metals. Concurrently, speculation about a potential change in leadership at the Federal Reserve has fueled expectations of a more dovish policy stance ahead, while a weakening U.S. dollar has acted as a powerful accelerant for the precious metals boom.
Regarding the technical outlook for gold, indicators currently suggest the market is in overbought territory, yet no clear signals of a top or reversal have emerged. Gold prices are firmly holding above the key moving average of $4,384, with the aligned moving average system indicating strong upward momentum. On the 4-hour chart, short-term moving averages are accelerating above their longer-term counterparts, suggesting there is still room for further premium expansion. Even though the RSI has reached 76, robust buying support implies that any short-term pullback or consolidation near highs is likely a phase of accumulation for the bulls, rather than signaling an end to the uptrend.
In the silver market, this upward momentum is similarly validated. Silver has confirmed the strength of its support after successfully testing the 100-hour Simple Moving Average (SMA) multiple times and has decisively broken through the resistance zone between $66.40 and $66.50. This breakout is seen as a critical step for silver to enter a clear upward trajectory. Currently, the MACD remains in positive territory at 0.19 and continues to rise, reflecting building momentum. In the near term, as long as silver prices stay above the 100-period SMA, the potential for further gains remains intact. Even if a retracement occurs, solid support is expected around $65.57 and $64.77.
In contrast, the digital asset space in 2025 has appeared relatively subdued. Despite improvements in the external policy environment and substantial progress in blockchain technology regarding institutional adoption, regulatory compliance, and ETF approvals, capital flows have notably favored traditional equity markets, leading to a muted performance in the crypto market for the year. However, this period of stagnation does not signify a regression for the industry. Looking ahead, with further enhancements to global payment systems, the deepening of asset tokenization, and a gradual release of liquidity, the market in 2026 is believed to be full of opportunities for leapfrog development, provided a core growth driver emerges in practical application.
Comments