In this presentation, Jeffrey Christian of CPM Group discusses the recent pullback in gold, silver, platinum, and palladium prices, explaining why precious metals appear to be moving through a broad consolidation period rather than a collapse. He looks at silver’s recent move toward the lower end of CPM Group’s expected range, the possibility of short-term spikes lower, and the broader market forces that have caused investors to temporarily step back from their political and economic concerns.
Jeff also discusses the release of CPM Group’s 2026 Silver Yearbook and reflects on CPM Group’s 40-year history as an independent commodities research and consulting firm. He explains why silver investors need to separate market fundamentals from hype and misinformation, and “new paradigm” beliefs.
The presentation also covers gold’s current consolidation range, platinum and palladium market conditions, and current economic conditions.

