...as falling interest rates, central bank buying, and persistent geopolitical risk continue to drive demand for the traditional safe-haven asset.

Under the plan, the U.S. Department of Defense will hold a 40% stake in the JPM-Financed smelter joint-venture...

In short, and as history confirms, there is no avoiding the gravity of debt nor the ripple effects of its appalling misuse...

... global conditions have fundamentally - and perhaps irreversibly - shifted.

...based on a review of “market volatility to ensure adequate collateral coverage,”

The year was 1965, the great turning point. The last 90 percent silver circulating coins (dimes, quarters, half-dollars) were dated 1964, and everyday “silver coinage” ended with that date for most denominations...

...the current fundamental backdrop... believe to be a structural change in the outlook for precious metals in the context of de-dollarisation and elevated uncertainty.

“The speculative atmosphere is very strong..."

"Currencies are pouring into real money in anticipation of the existing fiat currencies dying..."

"They are gobbling up all the supply available because they understand this is the end of the fiat currency experiment that started August 15 of 1971.  Fiats are collapsing..."

The gold price is racing from one all-time high to the next. That’s good news for friends of the precious metal and bad news for anyone still hoping for a stabilization of global debt dynamics. 

The trade looks increasingly stretched and in need of consolidation - and the new year may bring exactly that... The technicals are already flashing it.

...only a matter of price before the CME and/or governmental action pulls the rug out from silver speculators.

...the paper markets in silver just had yet another near-death experience.

...exploding record high prices for gold, and especially silver, are signaling big trouble brewing for the financial system.

This betrays a shortage of physical silver more acute than for gold, which is likely behind its recent significant outperformance...

...issued warnings to investors about the risk of "significant losses" should the metal's record-breaking rally come to an end.

...in a scenario where there’s additional investor diversification because current gold positioning remains low.

As we approach the end of 2025, we are seeing, yet again, certain familiar and simple patterns which can serve as potential lighthouses for those endeavoring to navigate so much admitted fog. 

Surrounding the 2024 hawkish cut, Silver traded poorly; futures participants and ETF holders liquidated...