Spot pricing for Gold $AU6257

Spot pricing for Silver $AU78.07

Spot pricing for Platinum $AU2365

Silver took centre stage this week after news of a major discovery in Queensland, with geologists confirming what’s now being called one of Australia’s largest silver–indium deposits. Early estimates suggest a sizeable, high-grade system that could shift long-term supply expectations, even though any real production remains years away. Still, it adds fuel to an already strong narrative around silver as both an industrial and investment metal.

Across the Pacific, the New York manufacturing index surprised markets for the fifth straight month, pushing deeper into positive territory. New orders and shipments picked up meaningfully, suggesting the U.S. industrial economy has more momentum than many gave it credit for – an encouraging signal for metals demand heading into year-end.

Washington finally ended its 43-day government shutdown, the longest on record. The remarkable part? Markets barely blinked. The US500 not only brushed the disruption aside but managed to push to new highs during the closure. With the government now back online, the flow of delayed data should return, giving traders a clearer read on the health of the U.S. economy in coming weeks.

Gold and silver both regained lost ground, with silver once again flirting with all-time highs. The metal’s strength continues to stand out, supported by industrial demand and renewed interest from investors looking for alternatives in a jittery rate environment.

Back home, the RBA looks increasingly likely to stay on hold for longer. Inflation remains stubborn enough that any near-term rate cuts are quickly fading from expectations. For metals markets, a prolonged period of higher rates can slow new project investment — another slow-burn factor supporting prices.

Overall, a strong, steady week across the board — and silver, quite literally, stealing the spotlight.

Thanks for reading – and always do your own research before making any investment decisions.

Enjoy today’s charts.

Gold daily chart, with 50MDA