First of all, I would like to wish all our readers a very happy and prosperous New Year. May we all have great trading days and capitalize on the market in 2025.
It has been some time since our last market update, and we at Aurica have been very busy with updates, such as a new website, a new online store and many more things to come this year.
Since our last market update in October, the market has been active, with jumps and dips that have kept participants on the edge of their seats. In gold, we have seen a high of $2789 and a low of $2536, with a range of $253. In silver, we have seen a high of $34.88 and a low of $28.72, with a range of $6.16. During this time, we have seen the gold-silver ratio break above 85:1 and peak at around 91:1 before dropping back down to 87:1, which is where we are now. It is important to keep an eye on this ratio, as normally when it goes above 85-87:1 it is usually a sign that silver is undervalued and there is going to be a rally (historically this is what usually happens).
We have seen resistance in gold around $2660, which has been tested a couple of times in the last couple of days since we started 2025. We have also seen support around $2630. In silver, resistance is around $30.40 and support is at $29.90. We will continue to keep an eye on the US dollar and any comments from the Fed on interest rate cuts this year to see where the market is headed.
Josh Perez
Managing Director
Aurica Canada