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Transcript

The China-US Metal Wars Have Begun

Market Rundown |
Housekeeping: Good Morning. PDFs at bottom

Things are Happening Faster Now

Featured Posts on News Sites :

Scottsdale Mint- Silver Uncoils Driving Towards $65/oz in 2026
ZeroHedge- Silver: The Drive to $65 Begins 
JPost- Deutsche Bank Says Gold’s Repricing to $5,000

Analysis:

UBS Sees $65 Silver Upside in 2026

VBL and CJC
·
December 3, 2025
UBS Sees $65 Silver Upside in 2026

“UBS says silver’s pause near fifty dollars is just consolidation before another leg higher. They now target sixty dollars in 2026, with a possible overshoot to sixty-five. Strong investment and industrial demand, tight supply, and gold’s advance all support the bullish case. UBS recommends staying long and buying pullbacks.”



News & Analysis:


ICYMI

Coming Soon/ Chat:


Data on Deck: Powell, ADP and PCE

  • MONDAY, DEC. 1 8:00 pm Fed Chair Jerome Powell speaks

  • TUESDAY, DEC. 2 Auto sales

  • WEDNESDAY, DEC. 3 ADP and PMI

  • THURSDAY, DEC. 4 Trade deficit

  • FRIDAY, DEC. 5 PCE1

Charts and Final Market Check:

PDFS

Metal Wars Text
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CME SILVER ANALYSIS
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1
  • MONDAY, DEC. 19:45 amS&P final U.S. manufacturing PMINov.51.910:00 amISM manufacturingNov.--48.7%8:00 pmFed Chair Jerome Powell speaks

  • TUESDAY, DEC. 210:00 amFed Vice Chair for Supervision Michelle Bowman testifiesTBAAuto salesNov.16.4 million

  • WEDNESDAY, DEC. 38:15 amADP employmentNov.42,0008:30 amImport price index (delayed report)Sept.0.3%8:30 amImport price index minus fuelSept.0.4%9:45 amS&P final U.S. services PMINov.55.010:00 amISM servicesNov.52.4%

  • THURSDAY, DEC. 48:30 amInitial jobless claimsNov. 298:30 amU.S. trade deficitOct.---$59.6B12:00 pmFed Vice Chair for Supervision Michelle Bowman speaks

  • FRIDAY, DEC. 58:30 amPersonal income (delayed report)Sept.8:30 amPersonal spending (delayed report)Sept.8:30 amPCE index (delayed report)Sept.--8:30 amPCE (year-over-year)--8:30 amCore PCE index (delayed report)Sept.8:30 amCore PCE (year-over-year)10:00 amConsumer sentiment (prelim)Dec.51.03:00 pmConsumer creditOct.$13.1B

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