Silver Hits $53 — Up 3.4% in 24 Hours 
Oil prices climbed more than 1% on Thursday as markets responded positively to upcoming trade negotiations between the United States and China, the world’s two largest oil consumers. Brent crude futures rose 89 cents (1.5%) to $62.01 a barrel, while U.S. West Texas Intermediate crude increased by $1.02 (1.8%) to $59.09. SEB analyst Ole Hvalbye noted the market has stabilized above $61 a barrel, with support coming from optimism around the scheduled “ice-breaker” talks between U.S. Treasury Secretary Scott Bessent and China’s top economic official on May 10 in Switzerland. Analysts suggest that other trade agreements, such as the one announced with the UK, could also positively impact the market.
However, planned production increases by OPEC+ are expected to exert downward pressure on prices. Citi Research has reduced its three-month Brent forecast to $55 from $60 per barrel, while maintaining its $60 long-term outlook for the year. They also noted that a potential U.S.-Iran nuclear deal could push Brent prices toward $50, while failure to reach an agreement could drive prices above $70.
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“This Bull Market Is By No Means Over”
Mike just stepped off stage at the world’s oldest investment conference — and if you weren’t there, you missed something. The New Orleans Investment Conference just wrapped with a record crowd. “We were bursting at the seams,” producer Brien Lundin told Mike. But these weren’t casual observers. These were investors who’ve been watching, waiting, and positioning themselves for this moment in the precious metals markets. And if you’re wondering whether you’ve already missed the move… Brien had a clear message. The Bull Market That’s Just Getting Started “This bull market in precious metals is by no means over,” Mike said.
November 21, 2025
