Gold Falls 2.7% Silver Crashes 8.7% But Uranium Breaks Out ~ Monday Market Moves

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Recording Date 10-230-2026. Tech stocks came under pressure this week, dragging the broader market lower as the VIX spiked and the S&P 500 declined 0.6%. Despite Friday's selloff, I still see a bullish flag pattern and expect a possible rebound next week. Gold fell 2.7%, breaking my critical $3,950 support level. I'm now watching $3,500 to $3,600 as a potential downside target. Silver plunged 8.7%, breaking below $50, with my next support zone between $46 and $48. GDX dropped 3.9%, and I'm watching $70 for a potentially attractive entry. Copper slipped 0.4%, prompting me to sell my physical copper position as recession concerns increase.

Uranium remains my favorite opportunity. Spot prices gained 2.6%, breaking out of a bullish pennant while uranium equities continue offering attractive valuations. I rotated capital from copper into URNM and a uranium miner. I also explain why I prefer URNM over URA for more concentrated uranium exposure. Meanwhile, WTI declined 0.5%, Brent fell 3.4%, and geopolitical uncertainty continues influencing my oil strategy. I examine potential diesel prices of $7.80 to $9.20 per gallon, bullish natural gas setups, coal opportunities, and further weakness in platinum, palladium, and nickel. My focus remains buying undervalued assets while managing downside risk.

Key Insights in this episode

✅ Tech stocks pressure the S&P 500, down 0.6%, as volatility spikes, but the bull flag remains intact.

✅ Gold breaks $3,950 support after falling 2.7%, opening the possibility of a decline toward $3,500 to $3,600.

✅ Silver plunges 8.7% below $50, with $46 to $48 emerging as the next major support zone.

✅ Uranium gains 2.6% and breaks out of a bullish pennant while URNM presents accumulation opportunities.