In this week's Monday Market Moves, Steve Barton breaks down a massive week for commodities. Silver exploded 14.5 percent to hit new all-time highs while gold jumped over four percent and cleared key resistance. Steve explains how silver's breakout flips prior resistance into strong support and uses Fibonacci extensions to map the next target near 65 dollars. Gold is now approaching its all-time highs and remains in contango, with futures trading higher than spot. The S&P 500 rose 3.7 percent, but Steve sees weakness ahead as falling volume signals retail-driven movement. The US dollar broke trend support and looks headed for 99, which may push commodities even higher.

Uranium and copper show bullish formations, with potential breakouts forming. Copper miners and uranium ETFs like URNM and SRUUF are flashing entries near technical support levels. Natural gas continues higher into winter with a fresh golden cross, while oil grinds lower within a weakening channel. Coal ETFs are back in the buy zone. Platinum and palladium rallied after China launched its new platinum futures exchange

 

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Key Market Insights This Week:

✅ S&P 500 gained 3.7% on low holiday volume 

✅ Dollar index fell 0.7% and broke key trendline 

✅ Gold surged 4.3% and closed above resistance 

✅ Silver soared 14.5% to new all-time highs 

✅ Copper rose 5.1% and is testing triple top 

✅ Uranium edged up 0.3% with bullish reversal signals 

✅ Oil climbed 0.8% but remains in a downtrend channel 

✅ Natural gas jumped 5.9% and nears major resistance 

✅ Thermal coal fell 1.7% but stays within range 

✅ Platinum spiked 10.6% after China futures launch 

✅ Palladium moved higher and reclaimed 50-day average 

✅ Nickel rose 2.4% and confirmed double bottom setup 

✅ Bitcoin added 4.8% but likely to retest lower levels

 

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Chapters:

00:00 S&P 500 and Dollar Analysis 

03:24 Gold Breaks Resistance 

08:30 Silver Hits All-Time Highs 

15:42 Copper Tests Triple Top 

17:26 Uranium Bounces off Support 

21:56 Oil Stuck in Downtrend 

24:48 Natural Gas Near Resistance 

27:02 Coal Trading Range 

28:20 Platinum Pops on China News 

30:32 Nickel Double Bottom Setup 

33:17 Bitcoin Fa