Silver and Gold Soared, Nvidia's Deal, and More

On Boxing Day (December 26, 2025), silver prices soared by 9%. The silver ETF (SLV) closed at $71.12 on heavy volume. Gold ETF (GLD) gained 1.17% to close at $416.74. Investors who missed the parabolic rally are likely too late. The metals formed an uptrend in 2024. By 2025, prices broke out.

Investors grew increasingly wary about the U.S. dollar’s stability. Contradictory policies, tariffs, and their questionable legality are only some of the negative catalysts hurting the currency. To hedge its risks, investors accumulate gold and silver. Miners like Gold (GOLD), Nemont (NEM), and Avino Silver and Gold Mines (ASM) are still attractive holdings.

In the technology sector, Nvidia quietly agreed to a licensing deal with Groq, using its free cash on hand. The reported value of the deal is $20 billion. This is the GPU maker’s biggest deal on record. It surpasses its Mellanox deal, bought at $6.9 billion in March 2019.

To avoid regulatory scrutiny, Nvidia characterized the deal as a licensing deal instead of a buyout.

Groq is a fast, low-cost inference supplier. Inference is the phase after AI training, where a model learns to use the knowledge learned.

Last Friday, NVDA stock gained 1.02% to close at $190.53. This is not far from its 52-week high of $192.69.

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