From Silver’s Breakout to a Broader Metals Regime

A macro backdrop that explains interest—but not commitment

Precious metals rarely move in isolation. They sit at the intersection of confidence, currency, and capital preservation. The macro backdrop heading into year-end 2025 has kept investors attentive: persistent sovereign debt stress, continued policy accommodation in practice, and a steady preference for hard-asset optionality.

These forces explain why metals remain relevant. They do not explain when capital stays committed. Stock Trends does not outsource decisions to narratives; it evaluates whether markets are structurally confirming those narratives through trend, duration, momentum, and breadth.

What has changed since early December

Silver remains the volatility engine of the complex, but the character of leadership has improved. The key shift in the 2025-12-26 Stock Trends update is not a “blow-off” acceleration—it is trend persistence. Pullbacks have largely occurred within trend rather than against it, and participation is broader than it was earlier this month.

Trend distribution by universe (counts)

Universe						No trend
ETFs & Trusts	18	0	0	0	0	0
Gold	104	5	1	0	0	14
Precious Metals	27	1	1	1	1	1
Silver	12	0	0	1	0	2

Precious metals ETFs: structure over excitement

Broad metals vehicles offer a clean read on sector structure. In this update, the major precious-metals ETFs and trusts remain trend-qualified, with momentum oscillations contained within Bullish structure. That matters at year-end: weakness that fails to violate trend is often absorbed rather than extended.

Precious Metals ETFs & Trusts (Stock Trends update: 2025-12-26)

Symbol	Name	Trend	Trend wks	RSI	RSI +/-	Vol tag	close	Volume(100s)
BAR	GraniteShares Gold Shares		107	115	+		44.66	21,081
GDX	VanEck Gold Miners ETF		42	117	+		91.29	824,739
GDXJ	VanEck Junior Gold Miners ETF		50	121	+		121.60	191,427
GLD	SPDR Gold Shares		106	115	+		416.74	444,403
GLDM	SPDR Gold MiniShares Trust		107	115	+		89.71	219,591
GOAU	U.S. Global GO GOLD and Precious Metal M		42	111	+		45.51	2,656
IAU	iShares Gold Trust		107	115	+		85.34	291,095
IAUM	iShares Gold Trust Micro		107	115	+		45.18	81,711
OUNZ	VanEck Merk Gold ETF		107	115	+		43.63	30,264
PALL	abrdn Physical Palladium Shares ETF		25	145	+		175.91	47,223
PHYS	Sprott Physical Gold Trust Unit		58	116	+		34.73	222,442
PHYS	Sprott Physical Gold Trust		112	109	+		46.90	5,491
PPLT	abrdn Physical Platinum Shares ETF		37	147	+	*	220.14	125,982
PSLV	Sprott Physical Silver Trust Units		38	161	+		26.04	710,232
PSLV	Sprott Physical Silver Trust		34	141	+		32.74	17,405
SIL	Global X Silver Miners ETF		38	123	+		90.01	120,737
SILJ	Amplify Junior Silver Miners ETF		30	128	+		30.00	359,928
SLV	iShares Silver Trust		38	163	+		71.12	3,202,541

Miners vs metals: confirmation, not warning

One of the most reliable cross-checks in the Stock Trends framework is confirmation between the underlying metals and the equities that produce them. When metals rise without miner participation, caution is warranted. This update shows the opposite: miners and related equities are broadly confirming the metals tone rather than diverging from it.

Gold: leadership with durability

Gold-related equities continue to present a constructive profile. Many of the more liquid names remain Bullish with meaningful trend age, while Weak Bullish phases have tended to resolve through time rather than breakdown. The table below highlights trend-qualified, liquid gold names currently showing the strongest momentum characteristics.

Gold Mining Leaders (trend-qualified, liquid names)

Symbol	Name	Exchange	Trend	Trend wks	RSI	Vol tag	close	Volume(100s)
HYMC	Hycroft Mining Holding Corporation	Q		25	396		25.01	477,537
GTWO	G2 Goldfields Inc.	T		21	175		6.50	19,610
ARMN	Aris Mining Corporation	A		36	167		16.81	64,976
ARIS	Aris Mining Corporation	T		37	154		22.28	32,372
CGAU	Centerra Gold Inc.	N		30	142		15.17	37,802
WGX	Westgold Resources Limited Ordinary shar	T		21	140		5.92	6,384
PAAS	Pan American Silver Corp.	N		7	138		55.39	211,513
IAG	Iamgold Corporation	N		38	136		17.61	208,071
SA	Seabridge Gold Inc. (Canada)	N		24	136		31.14	35,249
SBSW	Sibanye Stillwater Limited - ADR	N		17	135		15.70	247,080
USAU	U.S. Gold Corp.	Q		5	133		22.54	25,271
CG	Centerra Gold Inc.	T		30	133		20.36	24,593
DPM	DPM Metals Inc.	T		53	133		43.28	22,473
EQX	Equinox Gold Corp.	A		21	132		14.81	254,111
NGD	New Gold Inc.	A		21	131		9.33	579,001

Silver: still the volatility engine

Silver remains the most emotionally expressive component of the precious-metals universe. RSI behavior is typically more extreme, and corrections are sharper. The practical implication is straightforward: short-term traders must respect RSI swings, while intermediate-term participants should let trend persistence do the heavy lifting.

Silver Mining Leaders (trend-qualified, liquid names)

Symbol	Name	Exchange	Trend	Trend wks	RSI	Vol tag	close	Volume(100s)
USAS	Americas Gold and Silver Corporation no	A		38	168		6.18	179,170
DSV	Discovery Silver Corp.	T		47	157		8.78	84,567
USA	Americas Gold and Silver Corporation	T		38	153		7.98	33,608
SVM	Silvercorp Metals Inc.	A		30	140		8.90	195,519
AG	First Majestic Silver Corp. (Canada)	N		5	138		17.42	698,812
AG	First Majestic Silver Corp.	T		5	129		23.53	53,598
SVM	Silvercorp Metals Inc.	T		31	129		11.75	28,727
AYA	Aya Gold & Silver Inc.	T		5	126		19.82	32,111
EXK	Endeavour Silver Corporation (Canada)	N		24	124		10.08	488,748
EDR	Endeavour Silver Corp.	T		23	114		13.36	38,321
APM	Andean Precious Metals Corp.	T		5	113		10.10	12,773

Precious metals miners & royalty: breadth beyond a single trade

Beyond pure gold and silver classifications, the broader precious-metals mining and royalty universe is also trend-qualified. This breadth is important. Leadership that broadens tends to be more durable than leadership that concentrates.

Precious Metals Miners & Royalty (trend-qualified, liquid names)

Symbol	Name	Exchange	Trend	Trend wks	RSI	Vol tag	close	Volume(100s)
HL	Hecla Mining Company	N		23	166		20.20	741,153
ABRA	AbraSilver Resource Corp.	T		5	150		10.88	12,522
GMIN	G Mining Ventures Corp.	T		19	145		42.66	11,848
ASM	Avino Silver & Gold Mines Ltd. (Canada)	A		5	129		6.88	189,757
MTA	Metalla Royalty and Streaming Ltd - Ordi	A		28	129		8.31	17,809
MUX	McEwen Inc.	N		25	124		20.10	38,729
BVN	Compania de Minas Buenaventura S.A. ADR	N		37	122		29.55	60,546
NUAG	New Pacific Metals Corp.	T		5	122		5.13	6,014
ASM	Avino Silver & Gold Mines Ltd.	T		5	121		9.26	13,086
TFPM	Triple Flag Precious Metals Corp.	N		41	119		35.49	26,186
PPTA	Perpetua Resources Corp.	Q		25	117		25.93	62,336
VOXR	Vox Royalty Corp.	Q		21	117		5.09	20,355

Platinum and palladium: early signals, not conclusions

Smaller precious metals deserve attention not because they demand action, but because they can provide early signals. In this update, platinum and palladium proxies remain trend-qualified. History cautions against overconfidence in these thinner markets, so the Stock Trends approach is to monitor early classification—not chase it.

Risk management: why discipline matters more at year-end

Holiday-shortened weeks can exaggerate emotional interpretation while suppressing liquidity. Stock Trends mitigates this by anchoring decisions in trend first and using momentum as confirmation. The primary risk at this stage is not volatility—it is confusing persistence with inevitability. Stock Trends does not predict tops; it exits weakness when it appears.

Strategic takeaways

• Precious metals remain strategically relevant into year-end.
• Silver leadership is intact, but it is no longer isolated.
• Breadth has improved across miners and metals proxies.
• Trend age matters more than short-term excitement.
• Patience is a position—especially late in the calendar year.

Entering 2026 with structure, not speculation

Precious metals have quietly shifted from reactive hedges to trend-qualified assets. This is not a market demanding urgency. It is one rewarding discipline. The Stock Trends user enters the new year with a framework built for exactly this environment—one that replaces emotion with classification and speculation with structure.