Morning update on precious metals—the charts are showing something interesting as we close out the year. Silver's been on quite a ride, and honestly, that's been the story across the board. We've seen solid price gains stacked up over the past months, but the swings at year-end? They're pretty sharp. What's catching attention is how these price moves are working both ways with margin requirements. The volatility's pushing higher borrowing costs, and simultaneously, those tighter margin conditions are amplifying the price swings. It's a feedback loop that traders are definitely feeling in real time. Worth keeping tabs on if you're exposed to these markets.