Silver Gains Momentum, Taking Gold Higher

Silver’s remarkable ascent continued yesterday, propelling Gold along with it. The driving force behind this uptrend appears to be the dip in benchmark treasury yields across the US and Europe, triggered by lackluster PMI data. There’s growing market optimism that key central banks might be nearing the end of their tightening phase. The upcoming Jackson Hole Symposium is drawing significant attention, and while Fed Chair Jerome Powell’s speech is highly anticipated, remarks from other leading central bankers are equally expected to shape the market’s trajectory.