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Big decline in the precious metals this morning, and Silver has fallen 4%. I suspect this will bring attractive opportunities for both Gold and Silver with support found near $26-$26.50. Given that Rates are closing in on cyclical peaks, this should be positive for precious metals, and now this pullback should create an appealing risk/reward for Silver likely by mid-week. As this chart shows, a move under prior lows of the prior week is certainly not a great technical development, so i expect this will lead to a bit more selling on Tuesday into Wednesday. However, following an extended period of gains and now a quick decline to multi-day lows, this appears like it should lead to opportunity for the Precious metals bulls sometime this week. SLV0.23%  and SILJ-0.28%  along with GLD0.44%  and IAU0.48%  and Gold miners GDX0.33%  should be considered attractive to own this week on a bit more weakness.

Hope everyone had a wonderful Thanksgiving Holiday- Precious Metals providing some early morning gains this week and Gold surging to highest levels since this past Spring- As discussed in my pre-Thanksgiving report last Tuesday, this rally back to new all-time highs should be underway and both Gold and Silver are attractive for gains into year-end- Gold stocks likeNEM-1.16%  andGOLD-0.75%  and GDX set to close at the highest levels since early October- Given the stallout in stocks like NVDA, AAPL, GOOGL of late, precious metals might very well outperform Large-cap Tech over the next few weeks- GLD0.44%  andIAU0.48%  are ETF vehicles for Gold, whileSLV0.23%  is the IShares Silver ETF