Silver Strikes A Major Record!
September 30th marked the end of the third quarter of the year and boy, did it bring along some explosive fireworks. When the clock struck midnight, the U.S. Government shut down non-essential services, furloughing hundreds of thousands of jobs while at least one hundred thousand are expected to be let go permanently. This is the third shutdown during Trump's Presidency, the first two occurring during his first term.
In the weeks leading up to the shutdown, precious metals went ballistic with gold surpassing $3,800 for the first time and IS poised to break the $3,900 mark this morning. In the chart below, we can see the major drop of the red line. We're talking over $70 decline in one day. At other times, this would be taken as a horrific drop in price. That was then and this is now. Hundred dollar moves up or down at this point, will be seen as 'normal'. $4,000 gold is on the horizon and all this talk of re-valuing the U.S. Treasury's gold is really heating up!
The year-to-date chart for gold is astounding...
Platinum has gained about $700 per ounce year-to-date from a low of $900. At time of writing, platinum is holding at $1,576. Palladium, while not as explosive as the other precious metals, has still climbed some $400 per ounce year-to-date, climbing from $900 to over $1,300. This morning, palladium sits 10 cents short of $1,300.
Most people aren't aware of the fifth precious metal, Rhodium. Specifically, it is one of the three metals that belong to PGMs (Platinum Group Metals). Rhodium is extremely rare and is the rarest of all five precious metals and is the most valuable. I asked the BING search A.I. assistant how much rarer rhodium is to gold. This is the answer it gave me....
Rhodium is the rarest and most expensive precious metal, found in an estimated quantity of 0.000037 parts per million in the Earth’s crust, compared to gold, which is found at 0.0013 parts per million.
Rhodium's track record of the last 12 months... At one point, in the month of August, the metal was up by $3,000 per ounce!
While the aforementioned precious metals have seen gains in the hundreds to the thousands of dollars, one precious metal stands out as still being worth less than $50 USD spot price but that is quickly about to change. Of course, I'm referring to SILVER! 'Mr. Slammy' came along and stamped on the silver price so many times over the years that everyone has lost count. The price manipulation was and is very real but it sure looks like the big banks are finally losing control and the free market is taking over.
As of the end of the day, September 30, 2025 silver made history with a record quarterly close of $46.25 while its previous record quarter close was set exactly one year ago at $31.14, its highest close in 12 years. As you can see from the chart below and as expected, 'Mr, Slammy' came along and pushed the price of silver down below $45, leading up to the government shutdown. Now, it seems clear that silver is days away from finally breaching its January, 1980 high of $50.
Silver appears on its way to breach $48 at time of writing.
So, it sure looks like silver is about to make history again within days by finally breaching $50 but keep in mind that $50 in 1980 is more like $200 today so silver would have to reach this number to actually breach its previous record high, when adjusted to inflation. Nevertheless, once silver DOES breach the psychological $50, it will surely make waves around the world.
Silver started the year just below $29. By the year's end, if silver breaches $58, it will have doubled over. This seems very likely. Earlier this month, Kitco News released a great post titled, 'The Silver Squeeze End Game Rally Is Approaching As LBMA Stockpile Could Be Depleted In 7 Months' .
What could possibly go wrong, right?
Before I go, here is honorable mention to all those generals and admirals who were summoned home by Trump and Hegseth yesterday, of all days. The discipliners got some disciplining. No more dresses. No more DEI sissy shit!
Invest wisely, my friends!
