Silver Tops $58

December 1, 2025 • 51 second read

Over the holiday weekend, and, after a brief consolidation, silver has broken through $50 resistance to hit an all-new record of $58:

Turn Your Images On

Silver prices broke higher during Thanksgiving weekend, extending gains to over $58 Sunday night. (Source: Barchart)

But since silver has hit the $50 range in 1980 and 2011, on an inflation-adjusted basis, it’s still lagging gold.

With the holiday season approaching, any precious metals you buy as a gift for family and friends stand to appreciate in value in the coming weeks. Enjoy.

~ Addison

P.S. Gold and silver are both headline stealers thus far in 2025 – participating in the most terrifying bull market driven by a fresh wave of liquidity, money-printing and a push to juice the economy into the midterms.

These trends make precious metals are still offering potential returns, and can help you avoid the bubble-induced danger of investing in any one specific stock.

If you have requests for new guests you’d like to see join us for Grey Swan Live!, or have any questions for our guests, send them here.

Ripple Effect

Silver Tops $58

Addison Wiggin

December 1, 2025 • 51 second read

Silver

Over the holiday weekend, and, after a brief consolidation, silver has broken through $50 resistance to hit an all-new record of $58:

Turn Your Images On

Silver prices broke higher during Thanksgiving weekend, extending gains to over $58 Sunday night. (Source: Barchart)

But since silver has hit the $50 range in 1980 and 2011, on an inflation-adjusted basis, it’s still lagging gold.

With the holiday season approaching, any precious metals you buy as a gift for family and friends stand to appreciate in value in the coming weeks. Enjoy.

~ Addison

These trends make precious metals are still offering potential returns, and can help you avoid the bubble-induced danger of investing in any one specific stock.

If you have requests for new guests you’d like to see join us for Grey Swan Live!, or have any questions for our guests, send them here.

Caracas and the Return of a Dusty Old Map

January 9, 2026 • Addison Wiggin

The “Donroe Doctrine,” the White House is calling… because Trump hasn’t yet stamped his name on every facet of U.S. political life.

America in the Americas. China in East Asia. Russia, where Russia still can.

There is a certain gangster logic to it. Not the UN Charter. Not the Magna Carta. More Godfather than Geneva.

Markets, predictably, shrugged.

Oil stocks rallied. Defense stocks jumped. Consultants booked flights to the oil fields near Lake Maracaibo and the Orinoco Belt.

Caracas and the Return of a Dusty Old Map

New Year, New Record High

January 9, 2026 • Addison Wiggin

Interest rates are coming down, emboldening consumers to take on more debt.

The latest data highlights a central feature of the real economy. Americans no longer manage savings and income but credit cards, HELOCs, and mortgages in an effort to keep up appearances.

Day-to-day expenses, health insurance, housing, car payments and tuition will continue to plague Americans throughout the year ahead of going to the polls in November.

China Just Rewrote the Silver Story

January 8, 2026 • Lau Vegys

Roughly 70–80% of global silver supply comes as a byproduct of mining other metals—copper, lead, zinc, gold. This means that even if silver prices doubled tomorrow, production wouldn’t automatically increase unless mining of those other metals ramped up too. You can’t just “decide” to mine more silver.

Layer China’s export controls on top of all that, and you’re looking at a supply profile that’s unusually tight—and unusually vulnerable.

A Low-Stress Start to the Year

January 8, 2026 • Addison Wiggin

The High Yield Bond Distress Index measures levels in the junk bond market, including liquidity, market functionality, and how easily companies can borrow.

A reading this low signals extremely healthy borrowing conditions for high-yield issuers. It’s also where we would look for distress in the corporate AI build out debt issuance.

And if the high yield bond market isn’t worried yet, stock market pullbacks are likely to be short and shallow – and will likely play a role in a midyear “crack-up boom.”

Caracas and the Return of a Dusty Old Map

January 9, 2026 • Addison Wiggin

The “Donroe Doctrine,” the White House is calling… because Trump hasn’t yet stamped his name on every facet of U.S. political life.

America in the Americas. China in East Asia. Russia, where Russia still can.

There is a certain gangster logic to it. Not the UN Charter. Not the Magna Carta. More Godfather than Geneva.

Markets, predictably, shrugged.

Oil stocks rallied. Defense stocks jumped. Consultants booked flights to the oil fields near Lake Maracaibo and the Orinoco Belt.

New Year, New Record High

January 9, 2026 • Addison Wiggin

Interest rates are coming down, emboldening consumers to take on more debt.

The latest data highlights a central feature of the real economy. Americans no longer manage savings and income but credit cards, HELOCs, and mortgages in an effort to keep up appearances.

Day-to-day expenses, health insurance, housing, car payments and tuition will continue to plague Americans throughout the year ahead of going to the polls in November.

China Just Rewrote the Silver Story

January 8, 2026 • Lau Vegys

Layer China’s export controls on top of all that, and you’re looking at a supply profile that’s unusually tight—and unusually vulnerable.

A Low-Stress Start to the Year

January 8, 2026 • Addison Wiggin

The High Yield Bond Distress Index measures levels in the junk bond market, including liquidity, market functionality, and how easily companies can borrow.

A reading this low signals extremely healthy borrowing conditions for high-yield issuers. It’s also where we would look for distress in the corporate AI build out debt issuance.

And if the high yield bond market isn’t worried yet, stock market pullbacks are likely to be short and shallow – and will likely play a role in a midyear “crack-up boom.”