Silver and gold prices, bitcoin, stock futures waver: 3 Things

Let's fire up three things you need to know today. The precious metals trade is losing some of its shine. Silver prices down nearly 3% after hitting a fresh record above $80 an ounce.

At one point on Sunday, silver's market cap was slightly more than Nvidia's market cap of $4.63 trillion.

Although, I want to note this comparison is pretty much meaningless in terms of market analysis. It's just a finance fun fact for your trip to work this morning. You're welcome.

Now Elon Musk is warning about the move higher in silver saying it's not good because of the metal's use in industrial production.

Plus, Bitcoin is fighting for gains. The cryptocurrency trading above $90,000 on Sunday, though it has pulled back a bit from that level today.

Either way you slice it, Bitcoin has finally broken out of its brutal 11 week downtrend. That's good to see for the crypto bulls.

And investors are hoping for a Santa Claus rally to close out the last few trading days of the year. December has been kind to the Bulls. The Dow Jones industrial average is up 2% on the month.

The S&P 500 is up 2% and the Nasdaq has gained 1%. Year to date, all three indices are up by double digit percentage.