Uptrend since hitting $30.32. With US Presidential election, possible escalation of war in Middle East and further complications from North Korean Army entering Russian-Ukrainian war, the world just can't seem to take a break from risk and uncertainty.
Gold and silver are still the goto safety hedge in times of crisis and uncertainty. Bitcoin has been touted as the new digital gold, however given its volatility, it will remain speculative and reserve for the gamblers, or speculators... for now.
Correction might have set in lately for both of these precious metals, as long as the uncertainty holds, I expect the uptrend for both to be intact. With gold/silver ratios still favouring gold, I expect silver to rally more aggressively going forward.
Finally, if Donald Trump wins, his tariffs policy will just contribute to higher inflation to the US economy. If there's a tariff war, the escalation will just add more to the cost of everything. Both gold and silver are tried and tested in this scenario. The price can only go up. Conversely, if Harris wins, she will likely continue the current course. Economy will continue to cool down and so will interest rates. This also will boost both the prices of gold and silver!
Just my 2 cents.
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