JUST IN! The Shanghai Silver Market JUST ENDED the LBMA Forever - Andy Schectman & Alasdair Macleod

JUST IN! The Shanghai Silver Market JUST ENDED the LBMA Forever - Andy Schectman & Alasdair Macleod

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In today’s news recap, gold rebounded after a sharp sell-off, with investors looking beyond short-term volatility toward further gains in 2026.

Gold prices were mixed in thin year-end trading, amplifying price swings. Gold futures rose 0.8% to $4,377 an ounce, while spot prices slipped 2.8% to $4,358 at the time of writing. Bullion had touched a record high on Friday before falling to its lowest level since December 17 on Monday, marking its steepest daily decline since October.

Andy Schectman said the sell-off does little to change the long-term picture, arguing that physical demand remains strong and that paper market volatility is masking underlying supply tightness. In his view, corrections are increasingly being met with real buying rather than liquidation.

Alasdair Macleod echoed the constructive outlook, pointing to currency debasement and rising sovereign debt levels as key drivers likely to push gold and silver higher over the next cycle. He argues that precious metals are increasingly being repriced as monetary assets rather than commodities.

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