Supply & Demand

We are facing an extremely rare situation: the VIX is close to its lowest level in a year, around 14, while the price of gold is reaching historic highs. Under normal circumstances, this coexistence does not exist.

When gold enters a phase of rapid acceleration, silver – historically more volatile and reactive – will logically have to rise even faster. And if we use the Fibonacci sequence, employed by many technical analysts to identify major market levels, the following theoretical levels would be: $34,......

The bull market in gold that began 25 years ago appears to have more legs, and its most impulsive price action might just be ahead of us.

Silver has just crossed a symbolic threshold – more than $60 to $61 per ounce for the first time in history – after jumping 100 to 110% since the beginning of 2025. This movement is spectacular, but it does not necessarily mark the end of the story.

On Friday, a buyer reportedly placed an order representing nearly half of the world's annual silver production.

Over the past couple of years, I have shown you numerous ratio charts that suggest a precious metals bull market is in full swing. This week, we will add a couple more into evidence that highlight the sheer magnitude and duration of this magnificent bull.

China's unreported gold purchases could be more than 10 times its official figures, as the country quietly tries to diversify away from the US dollar, say analysts, highlighting the increasingly opaque sources of demand behind bullion’s record-breaking rally.

This week, we will look at both the Bitcoin/Gold and Silver/Bitcoin ratios to see if we can get a clear-eyed view on where things are headed.

India has taken a historic step toward the remonetization of silver — officially allowing the white metal to serve as collateral for bank and non-bank loans under new Reserve Bank of India (RBI) regulations set to take effect in April 2026.

The near-universal refusal to lend silver, except at rates approximately 600 times above the average, suggests the occurrence of a major short squeeze.