Not completely. I believe this is silver getting dragged up by gold. Gold is going up because it is now Tier 1 asset (100% collateral for physical gold holdings) as of July 1, 2025 for US banks as well as worldwide central banks [Basel III rules]. Paper gold is now Tier 3 (only 10% collateral).
Not completely. I believe this is silver getting dragged up by gold. Gold is going up because it is now Tier 1 asset (100% collateral for physical gold holdings) as of July 1, 2025 for US banks as well as worldwide central banks [Basel III rules]. Paper gold is now Tier 3 (only 10% collateral).