Silver soars to $80 an oz for the first time in history
Silver is now up 155% in its best performing year ever
Hello Capitalists,
Here is everything you should be following today:
Silver soars to $80 for the first time ever
Copper climbs to $13,000 per ton way ahead of expectation
Tech Titans seek to flee California over proposed wealth tax
Nvidia drops a $5Billion lifeline to Intel
Nasa’s new boss vows to return to the moon under Trump
Today’s markets + assets:
🔴 DOW: 48402.34 (⬇️ 0.63%)
🔴 S&P: 6,6891 (⬇️ 0.57%)
🔴 NASDAQ: 23411.21 (⬇️ 0.78%)
⚠️✅CBOE VIX Volatility Index: 14.65 (⬆️ 7.72%)
🔴 Gold: $4343.20 (⬇️ 4.58%)
🔴 Silver: $71.41 (⬇️ 7.42%)
🔴 Bitcoin: $87,401.99 (⬇️ 0.16%)
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Silver surges past $80 before retreating
Silver prices briefly topped $80 an ounce for the first time ever in overnight trading before staging a dramatic reversal, sliding 7% on Monday amid volatile precious metals markets as the commodity’s extraordinary 155% yearly surge showed signs of faltering.
Historic milestone achieved: Silver marked its first-ever breach above $80 per ounce, capping a remarkable rally from just over $20 at the start of 2025.
Reversal erases gains: The metal plunged sharply overnight, with futures last trading around $72 amid a 7% daily drop, highlighting extreme market volatility.
Outperforming gold significantly: Silver’s year-to-date gain exceeded 155%, far surpassing gold’s more than 70% rise despite both benefiting from safe-haven demand.
Driven by multiple factors: Surge fueled by industrial demand in solar panels, EVs and electronics, plus safe-haven buying amid geopolitical risks, U.S. deficit concerns and a weaker dollar.
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Copper Rockets to Record Amid Supply Panic
In a volatile post-holiday surge, copper prices hit a fresh record near $13,000 per ton on London’s exchange Monday, driven by mine outages, smelter pressures and fears of U.S. tariffs under Trump, capping its strongest year since 2009.
Intraday Jump Hits Peak: Prices leaped 6.6% initially—the biggest gain since 2022—before retreating to a 2% rise by midmorning.
New York Futures Dip: Comex contracts fell 2% after Friday’s 4.7% advance during the LME closure.
Chinese Plants Cut Output: Fabrication facilities reduced or halted production amid weakening demand and price sensitivity.
December Rally Accelerates: LME prices climbed over 10%, with analysts warning of overvaluation despite tariff-driven U.S. stockpiling.
Tech Billionaires Threaten California Exodus Over Tax
Silicon Valley’s tech titans are vowing to flee California amid a proposed one-time 5% wealth tax on assets exceeding $1 billion, aimed at offsetting federal healthcare funding cuts if voters approve it in November.
Union backs ballot measure: The Service Employees International Union–United Healthcare Workers West sponsors the initiative to generate billions for healthcare amid potential federal reductions.
Retroactive tax sparks warnings: Applying from January 1, 2026, the levy allows payments over five years but could force billionaires to sell company shares.
Luckey decries forced sales: Anduril cofounder Palmer Luckey blasts the tax for demanding billions in cash, labeling it funding for fraud and waste.
Ackman predicts economic ruin: Billionaire investor Bill Ackman warns the measure could destroy Hollywood and drive entrepreneurs away, taking jobs and tax revenues elsewhere.
Nvidia’s $5B Lifeline Rescues Intel
In a surprising tech alliance, Nvidia has snapped up a $5 billion stake in rival Intel, injecting vital cash into the beleaguered chip giant after years of costly missteps and expansions that left its finances in tatters.
Deal Cleared Antitrust: U.S. regulators approved Nvidia’s investment earlier this month, paving the way for the private placement transaction.
Shares Purchased Detailed: Nvidia acquired over 214.7 million Intel common shares at $23.28 each, totaling exactly $5 billion.
September Announcement Recalled: The stake was first revealed in September as a financial boost for Intel amid its production capacity struggles.
Market Reaction Muted: Nvidia shares dipped 1.3% in premarket trading, while Intel’s remained largely unchanged following the news.
NASA boss vows moon return in Trump era
Newly appointed NASA Administrator Jared Isaacman declared Friday that the United States will land astronauts on the moon again during President Donald Trump’s second term, emphasizing the mission’s role in unlocking vast scientific, economic and national security opportunities.
Orbital economy unlocked: Isaacman highlighted lunar exploration as key to building an “orbital economy,” including potential space data centers and infrastructure development.
Helium-3 mining potential: The NASA chief pointed to mining rare Helium-3 from the moon’s surface, which could fuel future fusion power and drive economic growth.
Moon base envisioned: Plans include establishing a permanent moon base, followed by investments in nuclear power and space nuclear propulsion for deeper exploration.
Private partners advance: NASA collaborates with SpaceX, Blue Origin and Boeing on reusable heavy-lift vehicles and the Artemis program’s upcoming crewed missions.
It’ll be higher than that eventually. Trump dangled the shiny gold in front of everyone but copper and silver are for the people.
It soars back to $71 today.