📌 Silver price hits a record above $58/oz – “the real move hasn’t even started yet”
The silver price has broken above $58 per ounce, setting a new all-time high.
However, Online Blockchain CEO Clem Chambers emphasizes that “the real bull run hasn’t even started yet.”
He views silver as a more leveraged precious metal than gold. Taking investment demand and supply constraints into account, he believes that much higher price levels can open up over the long term and advises investors to focus on the structural uptrend rather than short-term volatility.
📌 Gold at 6-week high, silver at record high as bulls keep charging
Gold has climbed to a six-week high, while silver has once again marked a fresh all-time high, reinforcing the strong bull-market mood. A weaker U.S. dollar, lower U.S. Treasury yields and expectations of easier Federal Reserve policy are all helping to fuel buying across the precious metals space.
Technically, both gold and silver are holding their uptrend lines, and a mix of short covering and fresh long positions is pushing the market into a classic “bulls are snorting” rally phase.
📌 Fed rate-cut hopes lift gold, investor demand drives silver’s physical squeeze and record highs – Heraeus
Heraeus notes that rising expectations for an earlier Fed rate cut are supporting gold prices. At the same time, strong physical and ETF demand from investors is tightening silver supply and helping to drive silver’s record-breaking rally.
The report argues that falling real yields, a softer dollar and ongoing demand from industry and the green-energy transition are combining to keep both gold and silver in a structural bull cycle, even if short-term corrections occur.
📌 Spot gold trades near $4,233/oz after ISM Manufacturing PMI drops to 48.2
The ISM Manufacturing PMI has fallen to 48.2, moving back into contraction territory below the 50 line. Following the data, spot gold is trading around $4,233 per ounce.
The weak manufacturing reading increases concerns about economic slowdown and strengthens expectations for future rate cuts, boosting demand for gold as a safe-haven and defensive asset.
With both the dollar and long-term yields under pressure, gold continues to hold key support levels despite short-term volatility.
📌 December 1 Bitcoin daily chart alert – bears firmly in technical control
According to Kitco’s daily chart analysis, Bitcoin is showing clear technical weakness as of December 1.
Prices remain in a downtrend from recent highs and are trading below key moving averages and support areas.
The report warns that while short-term bounces are possible, bears remain in firm control until major resistance zones are broken, and traders should stay alert to further downside risk.
📈 Gold Analysis
![[URGENT] Gold-Silver Ratio Breaks Below 60!](https://goldkimp.com/wp-content/uploads/2025/12/gold-silver-ratio-hits-60-historic-low-image.jpg)
