US Stocks Are Dragged by Tech While Silver Becomes Volatile – Europe Market Wrap

Technology megacaps impacted on US equity futures as traders reduced risk ahead of the final week of 2025. Volatility seized precious metals as silver fell after setting a record.

S&P 500 contracts declined 0.2%. Tesla and Nvidia fell more than 1% in premarket trade, leading losses among the Magnificent Seven. Nasdaq 100 futures were down 0.4%. Europe’s Stoxx 600 index was slightly altered as talks on a peace settlement for Ukraine generated no results.

Silver, meanwhile, soared after breaking past $80 per ounce in a rise fuelled by speculative trades and concerns about a supply deficit. Gold dropped more than 1%. Copper prices rose to about $13,000 per tonne.

Frictions in Venezuela, as well as US bombings on Islamic State targets in Nigeria, have heightened metals’ appeal as a safe haven. With silver inventories nearing their lowest point on record, there is a possibility of supply shortages affecting numerous sectors.

Oil prices climbed as US-led discussions failed to produce a resolution, and China pledged to assist economic growth next year. Brent crude is still on track for its fifth monthly decrease in December, marking the longest losing sequence in more than two years.