Good morning. In 1980, the Hunt brothers tried to corner the silver market, buying so much of it that prices rocketed from $6 to nearly $50 an ounce in less than a year.
When regulators stepped in, silver crashed 80%, proving one truth: no one outsmarts the market forever.
-Shaun A, Jonathan Kibbler, Jordon Mellor
MARKETS
How’s your favorite today?
Prices supplied by Google Finance as of 4:00am ET - stock prices as of close. Here is what the prices mean.
MARKET ANALYSIS
The Metal Everyone Ignored
While everyone’s been watching Gold storm past $4,000, Silver’s been quietly outpacing it, climbing above $50 per ounce and setting a fresh record high near $51.30. It’s shaping up for its eighth consecutive weekly gain, and to be honest, it deserves the attention.
As a trader, I’ve noticed how metals like Silver often move in Gold’s shadow, until moments like this. When Gold grabs headlines, Silver tends to follow later, but this time, it’s leading the charge.
Here’s what’s driving it:
1. Safe-Haven Flows Are Back in Style
The market is drenched in uncertainty again, U.S. government shutdown risks, political unrest in France, leadership changes in Japan, and a Fed that’s split over its own path. It’s the perfect cocktail for safe-haven demand.
Traders aren’t just buying metals for protection, they’re buying them out of distrust. Fiscal risks are piling up, and faith in central banks is starting to crack. Silver, the cheaper alternative to Gold, becomes the easier bet when fear spreads.
2. Supply Is Getting Squeezed
There’s another layer most retail traders miss, the physical supply crunch. London’s silver inventories have been thinning for months, and we’re now hearing about actual shortages of freely available metal.
That’s not speculation; it’s logistics. Industrial users, especially in solar and renewable sectors, are snapping up supply faster than miners can keep up.
The Silver Institute already projected a fifth consecutive supply deficit in 2025, meaning consumption is set to outpace production yet again. That’s bullish by every textbook definition.
3. Fundamentals + Fear = Breakout Fuel
The metal has now soared over 70% this year, outpacing Gold’s impressive run. It’s not just fear buying, it’s fundamentals stacking up.
Silver’s dual identity as both a precious metal and an industrial commodity gives it an edge in this macro mix. Lower expected interest rates make holding metals more attractive, while the clean-energy boom keeps real-world demand alive.
That combinatio, fear + function, is why Silver’s rally feels different this time.
Technical Outlook
The chart paints a clean story. Silver broke through the $46 resistance zone and extended toward $51.20, with momentum hugging the trendline tightly.
If we see a pullback, $48.50 looks like a healthy retest zone, while $44.00 stands as deeper structural support.
As long as Silver stays above $46, I’m seeing this as a trend continuation rather than a top.
My Takeaway
Everyone’s talking about Gold’s $4,000 breakout, but quietly, Silver just wrote its own headline.
This move isn’t hype-driven. It’s years of underpricing meeting a macro storm that finally gives it room to shine. Personally, I’m keeping it on my radar for the next big momentum setup, and if Gold consolidates, Silver might just take the stage solo.
Sometimes, the market’s “little brother” grows up fast.
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TRADER INSIGHTS
Trade What You See, Not What You Want
Let’s face it, we all do it or have done it at some point.
You stare at the charts, suddenly you think the price is going to reverse so you get involved.
Price goes against us, we panic, we want it to rally or reverse.
Price goes in our favour, we want it to keep going.
But in reality, the market doesn’t care what you want.
React, Don’t Think
This is what I mean by trade what you see. Your analysis must have an objective probability not a subjective probability.
When you trade what you want to see:
You ignore valid setups.
You cling to losing trades.
You jump in early.
When you trade what’s there:
You enter only when all conditions are met.
You accept what the chart shows, not what you hope for.
You exit decisively, based on structure.
How To Apply This Today
Here’s a 3-step plan to anchor your decision-making in reality, not emotions:
1. Build an “If / Then” Trade Plan
Instead of hoping, build logic trees:
If price breaks support and retests, then I’ll apply my strategy.
If the trend is intact on all 3 timeframes, then I’ll buy pullbacks in line with my strategy.
If the trend breaks and my conditions trade, I will close the trade regardless of being in profit or a loss.
2. Use Market Structure as Your Guide
Support/resistance, trends, breakouts, these are objective.
Let the chart show you its hand. You don’t need to guess, just react.
3. Talk about the trade whilst in it
If I’m in a day trade, sometimes I open up a notepad or whip out a pad and pen and note down how I am feeling throughout the trade.
I also monitor what the market is doing, making sure the conditions are correct, once it changes I monitor if the set up is still valid.
Try this out for yourself if you’re struggling with consistency!
CHART BREAKDOWN OF THE DAY (EUR/AUD)
EUR/AUD is trading around 1.7665, hovering just above key support at 1.7620 after a steady pullback from the 1.79–1.80 resistance area. The pair remains below both the 50-day and 200-day SMAs, keeping short-term bias tilted to the downside. A break below 1.7620 could open the door toward 1.7500 and 1.7280, while any bounce back above 1.7800 would be needed to shift momentum toward 1.7920 and reestablish bullish control.
DAILY TRADING PSYCHOLOGY NUGGET
“Patience feels like doing nothing, but it’s actually positioning.” In trading, waiting for confirmation or the right setup isn’t wasted time, it’s preparation. The quiet moments between trades are where discipline earns its edge.
TODAY’S MOST TRENDING MARKET NEWS (OCTOBER 10, 2025)
credits: REUTERS/Ahmed Yosr
Major Gulf stock markets jumped today on optimism over expected U.S. interest rate cuts paired with a ceasefire deal between Israel and Hamas, Saudi’s index rose ~0.3%, Dubai’s ~0.2% as investors viewed reduced geopolitical risk and dovish Fed bets as catalysts for more inflows. (source:reuters)
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ANSWER
Answer: Leverage