Weekly Market Overview for Week of Monday - November 24, 2025

The final week of November 2025 saw precious metals markets reach historic milestones, led by silver’s record-shattering ascent and gold’s robust advance. 

Silver surged over 15%, briefly eclipsing $56–57 per ounce and compressing the gold/silver ratio from around 81 to the mid-70s, signaling pronounced outperformance. 

Gold advanced roughly 4–5%, finishing above $4,200, while rare coin activity remained steady, with two-way dealer flows and strong bids for high-grade U.S. gold and classic type coins. 

Key market drivers included rapidly rising expectations for a December Federal Reserve rate cut, structural supply tightness in silver, and thinner year-end liquidity amplifying price swings. 

For sellers, the combination of strong metals prices, compressed ratios, and resilient rare coin demand created a highly constructive environment.

Daily Market Breakdown

Monday, November 24 

The week began with gold trading near $4,082 per ounce, reflecting an $11 daily increase and continuing a strong trend for November. 

By late November, gold had gained over 25% year-to-date and was up 55% compared to the prior year, establishing itself as a preferred hedge against persistent inflation and economic uncertainty. 

Silver opened the week at $50.11 per ounce, up slightly for the day, but the real story was the white metal’s explosive momentum throughout the month, including a 4.5% single-day surge earlier in November that pushed prices above $53 per ounce. 

At the outset, the gold-to-silver ratio was 81.32, but analysts at UBS projected a move toward 76x or even 70x, setting the stage for silver to outperform gold in the near term.

Technical analysis in late November highlighted the potential for corrections in both metals, but bullish macroeconomic forces prevailed. 

The odds of a December Federal Reserve rate cut leapt from 40% to 74% after dovish commentary from Fed officials, providing a powerful tailwind for gold, which held firm above $4,080. 

Despite some pressure from a strong U.S. dollar, the precious metals complex was buoyed by ongoing inflation fears and economic uncertainty.

Tuesday, November 25 

Tuesday saw the rally accelerate. Gold closed at $4,142.67, notching a 1.63% daily gain, while silver leapt to $51.41, up 2.47% on the day. 

Silver’s year-to-date gain approached 25%, and the metal posted a remarkable 69.7% year-over-year increase, a testament to strong industrial and investment demand. 

The gold/silver ratio narrowed further to 80.63, reflecting silver’s growing strength. 

Market drivers included global uncertainty and inflation concerns, with analysts predicting further upside for silver, especially given its affordability and broad industrial applications. 

Wednesday, November 26 

On Wednesday, gold displayed modest weakness, closing at $4,133, down 0.22%. 

However, silver continued its upward trajectory, jumping to $52.46 intraday before settling near $51.34. The gold/silver ratio declined to 80.50. 

Analysts noted that if the anticipated December 10 Federal Reserve rate cut materialized, silver could vault toward $60 per ounce. 

Numismatic activity remained healthy, with rare coin offerings and professional events sustaining collector engagement.

Thursday, November 27 

Thursday’s session saw a resurgence for both metals. 

Gold closed at $4,166.30, up 0.79%, while silver surged 3.93% to $53.45, continuing its outperformance. 

The gold/silver ratio compressed sharply to 77.95, highlighting the momentum shift toward silver. 

Technical analysis pointed to bullish setups for both metals, with forecasts calling for gold to approach $5,000 by 2026 and silver to test higher resistance levels. 

The numismatic market remained robust, fueled by ongoing collector interest and announcements of special U.S. Mint releases. 

Friday, November 28

Friday brought extraordinary developments in the silver market. 

Silver posted a historic breakout, soaring to an all-time high above $56 per ounce, with closing prices at $53.48 but intraday highs much higher. 

The surge was triggered by a rare, extended COMEX trading suspension, which unleashed pent-up demand upon reopening. 

Silver gained 6.1% in a single day and 16.6% for the month, achieving a year-to-date gain of 97%. 

Gold, meanwhile, hovered just above $4,157 before closing at $4,163.47, consolidating after recent gains but maintaining underlying strength as rate-cut expectations supported non-yielding assets. 

The gold/silver ratio declined further to 77.85, reinforcing silver’s leadership.

Saturday, November 29 

By Saturday, the week’s gains were fully realized. 

Gold ended at $4,238.56, up 4.8% for the week and 62% year-to-date, while silver settled at $56.52, boasting 15% weekly and nearly 95% annual gains. 

The gold/silver ratio compressed to 74.6x, its lowest since May 2024, and physical trading interest remained intense. 

Mining equities leveraged these moves, with silver miner ETFs returning over 120% year-to-date. 

Rare coin markets mirrored these trends, with strong demand for key-date U.S. gold and classic type, and dealers reporting tight spreads and premium bids for certified sets and silver coinage. 

Sunday, November 30 

Sunday’s reports confirmed that silver’s breakout was technically significant, completing a 45-year cup and handle pattern and establishing a new paradigm for precious metals. 

Gold’s surge above $4,200 was described as the “debasement trade” in action, with institutional investors increasingly seeking hard assets amid rising deficits and a weakening dollar. 

Analysts published bold forecasts, with some calling for gold to reach $4,350 by year-end and potentially $7,000 by 2026, while silver could approach $70 or even $100 under sustained bullish conditions.

Throughout the week, the rare coin market sustained momentum, with notable attention on the 1909-S $10 Indian gold coin in choice MS-63 grade, which remains underpriced relative to its scarcity and condition. 

Special U.S. Mint releases, such as the American Silver Eagle with a U.S. Marine Corps privy mark, generated strong collector demand. 

Strategic considerations for sellers remain highly favorable: compressed gold/silver ratios, robust dealer bids, and elevated market volatility create a window of opportunity for those looking to realize value from silver-heavy holdings and high-grade U.S. gold.

Thinking about selling your rare coin collection?

Thinking about selling your rare coin collection?

Coinfully specializes in purchasing numismatic treasures and precious metals from collectors nationwide. 

Our expert team provides fair, competitive offers based on current market conditions. 

Whether you have individual rare coins, complete collections, or precious metals, we make the selling process simple and transparent. 

Contact Coinfully today for a confidential consultation and free online coin appraisal.