US Treasury Intervention Drives Gold and Silver Higher
The US Treasury's currency intervention is driving gold and silver prices higher
After an explosive start to 2026, silver experienced a severe 50% pullback from its all-time highs into the summer months. Driven by crowded positioning and central bank gold sales to defend currencies, the metals market looked exhausted. However, early August brought a sudden reversal, sending silver 16% higher in a matter of days. Jim Iuorio of JI Financial Strategies breaks down the macro drivers behind the recent breakout in both gold and silver.
S. Treasury and the Bank of Japan. S. Treasuries, reflecting deep concern over elevated long-term bond yields.
S. dollar, creates a highly supportive environment for precious metals. Furthermore, we examine the setup going into the highly anticipated August 12 CPI release.