Precious Metals Market Update: 12/24/2025

Precious metals markets wrapped up the pre-Christmas trading week on a quiet but historically bullish note. Following Tuesday’s explosive "blue sky" breakout, prices for gold and silver consolidated their gains during Wednesday’s abbreviated trading session. With the LBMA Gold Price AM benchmark confirming valuations near $4,500, the complex heads into the holiday break at unprecedented levels, driven by a global flight to tangible assets.

As is typical for Christmas Eve, trading volume was thin, and the session concluded early. However, unlike in previous years, when holiday sessions saw a drift, today’s action was defined by stubborn strength. Investors showed little willingness to sell, even to book profits on this week’s massive run-up. Spot gold traded in a tight range, defending the $4,500 level it breached late yesterday. Silver, having shattered the $70.00 ceiling, spent the morning digesting that move, finding comfortable support at $70.20. Platinum, the week's quiet achiever, held steady above $2,200.

Key Drivers: LBMA Benchmark & Holiday Hold

With the U.S. markets closing early (12:30 PM EST for COMEX metals), the primary data point of the day came from London.

• LBMA Gold Price: The morning (AM) auction provided the final official benchmark of the week. The strong fix validated that physical demand remains robust at these record prices, unaffected by the holiday lull.

• Stagflation Hedge: The underlying narrative remains the same: the "bad news" of slowing GDP combined with "hot" inflation data has forced a repricing of real assets. Investors are carrying long positions into the long weekend, fearing that a geopolitical headline or further economic data could trigger a gap up when markets reopen.

Technical Analysis: The "Bull Flag"

On short-term timeframes (1-hour charts), today’s price action resembles a "bull flag" or "pennant" formation.

• Gold: Price is coiling tightly around $4,500. In a strong uptrend, this lateral movement is often a pause that refreshes, allowing moving averages to catch up to the price.

• Silver: The ability to hold above $70.00 is technically significant. It converts a former psychological barrier into a new support floor. As long as prices remain above $69.50, the path of least resistance remains to the upside.

• Year-End Target: With only a few trading days left in 2025, bulls are firmly in control. A weekly close above these levels on Friday would set the stage for a test of $4,600 in January.

Forward-Looking Commentary

Please note the following schedule for the remainder of the week:

• Tomorrow (Thursday, Dec 25): All global precious metals markets are CLOSED for Christmas.

• Friday (Dec 26): Markets reopen, but liquidity is expected to be extremely thin. The LBMA will remain closed for Boxing Day, meaning there will be no London benchmark pricing. Electronic trading (Globex) will be open, but spreads may be wider than usual.

We wish all our readers and clients a Merry Christmas. The performance of gold and silver coins this week has been a historic gift to long-term holders, reinforcing the timeless value of precious metals.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Market data and prices are subject to change.