Weekly Rotation Report
Week Ending December 28, 2025
Market Traders Daily
Every week I run the same process.
I do not start with headlines.
I start with the tape.
Where did capital actually go.
What led.
What broadened.
What quietly changed.
This week, one signal moved to the front of the rotation map.
Silver.
Not as a one day story.
As the lead horse.
Market Context
The broader market finished the week in a controlled environment.
Indexes consolidated near recent highs.
Volatility stayed contained.
Rates stabilized after recent movement.
Credit did not flash stress.
That combination matters because it creates the perfect conditions for rotation.
Not panic.
Not euphoria.
Repositioning.
Rotation Snapshot
Under the surface, money did not sit still.
This was a week where multiple groups broke out at the same time.
Not just one corner of the market.
Hard assets led.
Materials followed.
Industrials participated.
Even a few “non-consensus” areas posted outsized moves, which is usually what happens when the tape is allowing fresh flows to explore new leadership.
This is not what a risk-off week looks like.
This is what a rotation week looks like.
Lead Horse: Silver
Silver was the cleanest signal, and it showed up in more than one way.
The move was not isolated.
Participation was broad.
Follow-through replaced one day pops.
That is the tell.
Silver does not typically lead when the market is simply chasing narratives.
It leads when capital is adjusting to a shifting backdrop.
Gold tends to attract fear money.
Silver tends to attract transition money.
This week looked like transition money.
Confirmation Beneath the Surface
A silver-led tape usually does one of two things.
It either stays contained and fades quickly, or it begins pulling adjacent groups into alignment.
This week, it began pulling.
Materials and mining exposure started confirming.
Industrial names with real-world, physical exposure participated.
Energy-adjacent moves began showing signs of stabilization rather than continued bleed.
When multiple groups begin moving together, it is a signal that capital is being redeployed, not withdrawn.
That is the difference between a trade and a rotation.
What This Is Telling Me
This is not a market screaming “risk off.”
It is a market rotating away from saturation and into areas that were under-owned.
The shift is subtle, but the footprints are clear:
Real assets are gaining attention.
Physical exposure is being repriced.
Crowded leadership is no longer the only game in town.
Silver is simply where this showed up first.
What I Am Watching Next Week
For this rotation to continue, I want to see:
Silver hold relative strength after the initial push.
Adjacent materials and miners continue confirming, not diverging.
Industrials keep their gains instead of giving them back.
Volatility stays contained.
If those conditions hold, this rotation broadens.
If they fail, this turns into a one-week burst and capital rotates back into prior leadership.
Bottom Line
Silver is not the story by itself.
Silver is the tell.
When multiple expressions tied to a historically ignored asset start moving together, it signals a change in how money is positioning for what comes next.
That is what I saw this week.
Premium breaks down the exact leadership groups, what is confirming, and how I am working the opportunities.
Week Ending December 28, 2025
What changed this week
Silver is not just “a theme.” It is the cleanest lead signal in your data:
PSLV (Sprott Physical Silver Trust) up +17.99% on the week, trading $12.61, basically at the highs (0.15% below 52 week high)
DSVSF (Discovery Silver) up +12.71%, trading $1.48, also at the highs (1.27% below 52 week high)
The “silver beta” expression in your list is HYMC (Hycroft Mining) up +52.31%, trading $5.05 (still 17.23% below 52 week high)
This is silver leading, silver broadening, and silver pulling higher beta follow-through behind it.
🔥 Rotation Dashboard
Lead Horse: Silver and Precious Metals complex
Confirmation Horses: Basic Materials miners, Energy stabilization, Industrials strength
Risk Regime Signal inside your data: A lot of names are pushing or printing new highs (many show 0% below 52 week high), which is typical of late December tape behavior. That means the best entries come from pullbacks and tight consolidations, not chasing.
The Five Horse Rotation Map
(With tickers from your sheet)
Horse 1: Silver First
Conviction: High
Leaders
PSLV $12.61, +17.99%, ~at highs
DSVSF $1.48, +12.71%, ~at highs
HYMC $5.05, +52.31%, higher beta silver leverage
SXGCF (Southern Cross Gold Consolidated) $2.02, +17.54%, also pressing highs
How to trade it (actionable)
Core exposure: PSLV for clean “silver itself” expression.
Entry style: buy pullbacks, not strength. Add on reclaims of prior week highs.
Torque exposure: HYMC is your “juice” name, but treat it like a trade, not a core hold.
Entry style: only after it stops expanding daily ranges and forms a tight shelf.
What I am watching next week
If PSLV holds near highs while HYMC cools and tightens, that is classic “healthy rotation continuation” behavior.
Horse 2: Basic Materials Miners Broadening
Conviction: Medium-High
Your list is heavy metals and miners, and several pushed hard:
PTNDF (PT Vale Indonesia) $0.33, +59.64%, at highs
HYMC (already listed), +52.31%
DWMNF (DOWA Holdings) $56.90, +39.90%, at highs
PAFRF (Pan African Resources) $0.73, +31.15%, at highs
Actionable framing
This is your confirmation bucket that silver is not isolated.
Highest quality “silver purity” is still PSLV and DSVSF. This bucket is for secondary momentum confirmation and optional adds.
Horse 3: Energy Stabilization With a Speculative Leader
Conviction: Medium
Only two energy names are in your table, but one exploded:
PBMRF $0.13, +51.94%
PNAGF $4.58, +21.15%
Actionable framing
PBMRF is a trading vehicle, not an “investment grade rotation leader.” If you use it, size it accordingly.
PNAGF is the steadier expression in your list.
Horse 4: Industrials and Industrial Tech Strength
Conviction: Medium-High
This bucket matters because it tells you the tape is not purely “metals mania.” Capital also moved into industrial operators.
Top industrial movers in your data:
WSIOF (Wasion Holdings) $0.07, +111.34%, at highs
DLEGF (Delta Electronics Thailand) $3.01, +42.67%, at highs
BDMXF (Budimex) $167.20, +30.13%, at highs
DRSHF (DroneShield) $1.10, +17.39%
ZIM $20.69, +10.97% (shipping, more cyclical)
Actionable framing
If silver is the lead horse, Industrials are the “this is still a pro-risk tape underneath” confirmation horse.
If Industrials hold while silver holds, it suggests broad rotation strength rather than a narrow hedge move.
Horse 5: Real Estate and Consumer Defensive Pop
Conviction: Medium
These are interesting because they show “rotation breadth,” but they are not the primary story.
Real Estate
CFMOF $63.65, +47.26%, at highs
MLTTY $3.99, +28.53%, at highs
Consumer Defensive
SHUFF $40.44, +102.05%, at highs
MCSHF $1.61, +34.64%
Actionable framing
Treat these as confirmation that the tape is allowing breakouts across multiple groups.
Not the focus trade for this week’s narrative.
The Actual Opportunity Set
(What you can do with this, right now)
1) Core rotation position
PSLV as the clean silver trend expression.
2) Add a “tell” name
DSVSF as the equity confirmation that silver is pulling miners with it.
3) Optional torque trade
HYMC only if it transitions from expansion to tightening.
4) Confirmation filter
If DLEGF and the industrial cohort keep acting well, it increases confidence that this is rotation continuation, not a one week blow-off.