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*                       FIEND'S SUPERBEAR MARKET REPORT                     *

*                                November 28, 2025                          *

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*                       e-mail: fiendbear@fiendbear.com                     *

*                    web address: http://www.fiendbear.com                  *

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Fiend Commentary

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Silver’s Closing Argument

Overnight, silver pressed toward $55—record territory again—setting up a month-end print that matters more than the spike. Tagging a number is spectacle; closing above it is policy. If today settles firmly north of the $50s, technicians will treat October–November as the moment $50 flipped from ceiling to floor.

 

Why the rush into the close:

 

  • “Now beats later.” The bid has been for immediate metal, not promises—classic tightness behavior.
  • Credibility trade. With cuts back on the table and fiscal still loose, hard money is pricing the cost of relief, not the headline of it.
  • Thin holiday liquidity. Half-day sessions magnify flows—month-end hedging, index tweaks, and options cleanup can all shove price around.
  •  

What could swing today:

 

  • Follow-through: Calm trade above ~$54 turns $55 into a magnet and keeps $50 as confirmed support.
  • Whipsaw: A dollar pop or quick back-up in long yields can knock silver back into the low-$50s—still a bullish structure, just a noisier close.
  • Gold’s tone: A steady hold north of the $4,000 shelf keeps the insurance bid intact even if silver wobbles intraday.

 

Equities finish the month with a tailwind from lower yields and the “cuts soon” narrative, but the print that decides the story is in metals. Stocks can

drift on positioning; silver’s close will say whether this was a breakout or a blow-off attempt.

 

Bottom line: It’s not about touching $55—it’s about accepting it. A strong settle makes $50 the new line in the sand. A sloppy fade keeps the uptrend, just with more drama between here and year-end.

 

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