02 December 2025 – 08:44 Central Euro Time

Silver, after achieving another all-time high yesterday at 59.44 — then year-to-date +103% — is at present below today’s Neutral Zone; the balance of the BEGOS Markets are within same, and session volatility is light. The S&P 500’s mid-November correction of some -350 points and subsequent return back up was enough to unwind any textbook technical overbought/oversold conditions; however, the “live” (futs-adj’d) P/E of 56.1x remains our biggest overvaluation (understatement) concern. Specific to the Spoo by Market Trends, its linreg had rotated from positive to negative effective 17 November, but as the “Baby Blues” of trend consistency are recovering, such trend looks to rotate back to positive in a day or two, barring substantive selling; for consistent swing trading, the Spoo’s best Market Rhythm of late has been the 30mn Price Oscillator. Nothing is scheduled today for the Econ Baro.