Happy Monday! The precious metals sector continues to impress Wall Street, with silver jumping to a historic $75 per ounce on Dec. 26. Notably, the swing higher has been driven largely by acute physical shortages in China, which has sparked a retail buying frenzy.

Also, Brent oil has slipped amid progress toward a Ukraine peace deal. Essentially, geopolitical normalization could add supply to an already oversaturated market, thereby pushing oil prices down.

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In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• BENZINGA NEWSLETTER SPOTLIGHT

• MARKET HISTORY

Silver Shows No Signs Of Slowing Down As It Hits A New Record

Although gold may be culturally revered above all other precious metals, it’s silver that has taken the top spot in terms of performance. In the past five sessions, silver has gained about 22%, showing little signs of respite.

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Last Week: U.S. indexes finished Friday slightly in the red, however, despite the negative close, the S&P 500 made a new 52-week high that day. For the week, the index gained 1.4% while the tech-centric Nasdaq gained 1.2%. Also, the price of oil reached $56.91 per barrel, which represented a small weekly gain of 0.7%.

On Our Radar: Analysts will be paying attention to important economic data for the week ahead, including FOMC minutes from the December meeting and home price data for October.

Shares of Coupang (CPNG), Pure Storage (PSTG) and Celsius (CELH) finished higher while Rocket Lab (RKLB), Bullish (BLSH) and Moderna (MRNA) tanked. But those weren’t the only stocks making big moves. Here’s a look at some of the biggest winners and losers on Friday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Tariff Troubles: Rep. Adam Schiff (D-Calif.) warns that the Trump administration’s tariffs are driving up housing and groceries. See what else the policymaker is concerned about.

Still Standing: Renowned entrepreneur and TV personality Kevin O’Leary expressed optimism about the future of the U.S. economy despite ongoing challenges. Here’s his contrarian take. 

Network Marketing: Business professor and entrepreneur Scott Galloway has urged young job seekers to prioritize real-world relationships. Read his interesting take on today’s labor environment. 

Canceled Order: The newly renamed The Donald J. Trump and John F. Kennedy Memorial Center for the Performing Arts is demanding $1 million in damages from musician Chuck Redd. Here’s what led up to the cancelation.

New Dawn: OpenAI CEO Sam Altman said the company is seeking a Head of Preparedness, a role which addresses the growing challenges posed by advanced AI models. Read about his take on AI safety.

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On This Day In 1989…

Japan’s Nikkei 225 stock index reached its all-time high of 38,915.87, capping a decade-long asset-price bubble fueled by excessive speculation in real estate and equities. What followed was one of the most dramatic market collapses in history: over the next two decades, the Nikkei would lose nearly 80% of its value, and the index struggled to find a sustained bottom, finally showing signs of long-term stabilization only in the late 2000s. This event became a cautionary tale about the dangers of speculative bubbles and had ripple effects on global markets, including U.S. investors exposed to Japanese equities.

QUOTE OF THE DAY

“The key is to wait. Sometimes the hardest thing to do is to do nothing.“

— David Tepper

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