The gold silver ratio plunges overnight; silver looks to eye all-time highs; platinum looking at a potential breakout.

Platinum futures up about 71% year to date; drivers include third consecutive annual deficit due to supply disruptions in South Africa and broadening demand.

Silver up about 74% year to date; inventory warehouses linked to Shanghai Futures Exchange at lowest level since 2015, indicating a supply squeeze.

After signaling higher lows on daily charts, I believe we're going to hit all-time highs in silver, and that looks likely.

Gold up about 50% year-to-date; advancing due to weakness in the dollar and foreign currencies; ready to make all-time highs in many different markets.

Key levels in gold: watching breakout above 4250 for move to all-time highs; support at 50-day moving average 4064, key trend support 4060, line in the sand at 403,280 (Tuesday, November 18th overnight lows).

Markets anticipate 84.7% likelihood Fed will reduce rates by 25 basis points at December meeting; expectations for three more cuts in 2026.

Although timing has been uncertain around December interest rate cut, the direction of interest rates remains clear, which they're signaling lower.

10-year Treasury yield at 4%; we've been calling for that move and breakdown below 4% for about a couple weeks now.

VIX December futures at 1875, below 20 level; market makers are long gamma, suggesting lower volatility expected.

Dollar sitting at 9975; euro at 11590 getting back close to resistance points.

ETF flows: bought gold, sold silver, sold platinum; gold saw small rise of about 140,000 troy ounces, third straight day of growth.