The Federal Reserve has cut rates by 25 basis points and confirmed $40 billion per month in reserve management purchases, sending fresh liquidity into the system. As the announcement hit the market, silver went parabolic, breaking into new all-time highs above $62, while gold continued to consolidate firmly above $4,200. Gary Wagner of TheGoldForecast.com joins Kitco News Anchor Jeremy Szafron to map the next phase of this historic metals rally.
Wagner explains how silver’s breakout above $54 triggered the surge to $59 and why the post-Fed jump through $61 and $62 puts the market into true price discovery. He also addresses the divided tone inside the FOMC, noting that three officials dissented on today’s cut even as the Fed moved ahead with its $40B liquidity program. Wagner highlights gold’s “critical” consolidation band around $4,200, the break point at $4,195, and his short-term targets, including silver at $65 to $68 in Q1 2026, as liquidity and dollar weakness reshape the trend.
Recorded December 10, 2025.
IN THIS INTERVIEW
• How Fed liquidity helped drive silver above $62
• Gold’s consolidation at $4,200 and the key level to watch
• Why Wagner sees silver momentum carrying into Q1
• Silver target range of $65 to $68
Follow Jeremy Szafron on X: @JeremySzafron (
Follow Kitco News on X: @KitcoNewsNOW (
Follow Gary Wagner on X: @goldforecast (
00:52 – Market Reaction to FOMC Rate Cut and $40B Liquidity Boost
01:39 – Gary Wagner on Silver’s Phenomenal Rise Above $60
03:42 – Technical Analysis: Silver’s Parabolic Breakout
06:35 – Gold Market Insights and Consolidation Above $4,200
09:25 – Gold Correction Risks and the $4,195 Break Level
12:48 – How Silver Corrections Unfold in Fast Markets
17:03 – Broader Market Conditions and Outlook for 2026
#gold #silver #investing #federalreserve #goldprice #silverprice #economy
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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34 Comments
The Fed cut rates today and announced $40B per month in liquidity. Silver reacted immediately, breaking above $62, while Gary Wagner says momentum could carry it to $65–$68 in Q1 2026.
How do you think today’s Fed decision will shape gold and silver from here?
I doubt that Gary has a crystal ball in his room. He is just so RIGHT!
Hold the line – in future pull backs.
This is one of the best analysts now, very objective unlike some who play on people's emotions giving exagerating predictions and numbers that don't make any sense !!
Silver will go up 100$ in three days prediction
Trying to guess the market only led me to make mistakes. Leaving that behind and starting to follow a system with clear rules was a huge step. The demo account allowed me to learn practically and without stress. Now I understand that consistency and risk management are much more important than perfect timing. Thanks, Brian, for the great content and for keeping the course updated.💥📊
7 days later before Q1 even began his target range has been entered at 66
Thanks for sharing
Can anybody say 2008?
Silver is next gold
Gary, you need to find another good statement to replace “well said”.
Burglary groups are becoming more active going after precious metals, but many have to guess who to hit so everyone is at risk. Expect job loss, debt, generational crime, foreclosure and mental illness to increase violence and crime. A book called Dealing with Burglary and Home Invasion Robbery may help. Good luck!
This move in silver maybe trying to convince you to sell. Dont
Something really big could indeed happen soon and silver at $100/oz may be the trigger and not some official gold revaluation by the government. The revaluation could actually happen on its own. Recall that no living American has ever lived through a period where our currency failed which last happened in 1781 where it finally took 100 US ‘Continentals’ to buy just 1 silver dollar. The Continental was originally printed in 1775 as a deficit funded dollar much like today based on anticipated future federal revenue & taxes with an exchange rate of 1 Continental per one silver dollar. By 1781 the Continental was virtually worthless and shortly thereafter the Continental traded at 150 per ounce of silver and finally no one would accept it anywhere. Colonial town histories confirm that eventually only silver was used in transactions as no one wanted a Continental. Fast forward in time to when Nixon inherited a dollar’s pegged a value of $35/ounce. If we use the $35/oz number then gold will have reached $3500/oz when the dollar has lost 99% of its value which has already passed. Once Nixon took us off the gold standard he revalued gold to $42.22/ounce. So if we use the revised $42.22 value of gold then if it will have lost 99% of its value which translates into a gold price of $4,222 dollars per ounce which we have now passed. Remember that in 1781 when the Continental had lost 99% of its value with respect to silver it was considered almost worthless by most. Silver was priced at $1.50/ounce in 1971. If the price of silver reaches $150 then the Federal Reserve Note will have surpassed the 100:1 exchange ratio achieved be the Continental of 1781. However, $100/oz is the psychological breaking point where the masses will begin to realize the dollar is virtually worthless. So if gold keeps climbing and silver reaches $100 then our currency will historically speaking be absolutely worthless.
God bless Gary
Silver historically isn't on the rise in December but moreso in January and February. 😮 I don't think most Americans comprehend their future, this is probably not the year for them to be going out and spending a lot of money on Christmas items….
Pointless history lesson.
$$20 .000 gold 2026 end.😂
& March 😂 next $ 31.00.😂😢😂😂😂😂
The concept is very simple.
When money becomes tangible, you must produce something tangible to earn tangible money. Lol lol Now you can't make money off derivative market betting lol lol
Thanks guys
Why… WHY.. WHY…..!! because I just sold it , that kmdmdf why
I'm new to crypto and have been experiencing some heavy losses. Could you share advice or strategies for beginners
Jeremy Szaffron youre so good at this job
Enjoy your PODCAST
Excellent Technical Objective Perspective
So if your money is on stocks should you move them to bonds then back to stocks when the market folds by 25%?
DISGUSTED TO HEAR YOU SAY HAPPY HOLIDAYS DUDE ITS MERRY CHRISTMAS.
Loving to see Silver at the highest in history in nominal terms. In real terms it has a ways to go.
$64 now. Yippi Kay Yah!
Market utopia while commodities skyrocket. Any news is bullish…
Happy New Year gentlemen Love your work Both of you
Exciting times Gary Thanks for sharing your brilliant metals knowledge with us plebs
Ready to get it on, Yo ! You know it !