AGE Gold Commentary

AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.

11/3/2025: Metals consolidate after red hot run

Greetings!

Following gold’s stunning $1,000 gain and silver's $15 surge since late August, precious metals have gone into a profit-taking correction and are now settling into a classic consolidation phase.

Despite this pullback, all four precious metals continue to enjoy big gains this year, making 2025 one of the most profitable years for metals investors since the late 1970s.

And remember, the fundamentals underpinning these markets have not changed at all. US national debt now exceeds $38 trillion, trade wars are ongoing, inflation remains stubborn, and most importantly, global support for precious metals remains strong.

In this AGE Gold Commentary for November 3, 2025, we review the phases of last April’s $500 gold gain, its ensuing profit-taking correction, and the subsequent consolidation phase to put into perspective how the current correction and consolidation may evolve.

We'll also give you current technical support and resistance levels for gold silver platinum and palladium as we see them.

You can also view this video on the AGE YouTube channel, which includes a transcript.

Sincerely,

Dana Samuelson
President