Silver Charges Toward AUD100 as Inflation Doubts Resurface

US yearly CPI came in right on the 3% mark — a neat, tidy number that looks good on paper but raises a fair question: is inflation genuinely under control, or are we looking at a temporary lull before the next round of volatility? Markets aren’t fully convinced. The Fed continues to send mixed signals, and traders are now weighing whether this “comfortably uncomfortable” inflation band will force policymakers to rethink their easing trajectory next year.

Australia isn’t offering much reassurance either. Local CPI remains a pressing concern, particularly with the RBA pausing its run of rate cuts and openly floating the possibility of rate hikes heading into 2026. That shift in tone has put a spark back under expectations for tighter financial conditions, and banks have already started modelling what a higher-for-longer scenario might mean for borrowing, spending, and the broader cost-of-living equation.

Across the Pacific, US consumer sentiment painted a stark picture. December readings are now sitting roughly 12% below where the year began — a sizeable slide, and a clear sign that households feel something is off beneath the surface. Even with employment numbers holding up and headline inflation cooling, the mood has shifted meaningfully. Consumers are signalling caution well ahead of the Christmas retail blitz.

Gold and silver surged overnight as markets absorbed the ongoing macro tension. Silver in particular is stealing the show — powering ahead with momentum and fast approaching the psychological AUD100 mark. Dealers are reporting heightened interest, and chart watchers are buzzing as silver continues to outperform gold on relative strength and technical structure.

Gold isn’t far behind, comfortably supported by its moving averages and benefitting from a flight-to-safety bid as confidence indicators soften globally.

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