SD Bullion

Gold and silver moved higher last week, with silver closing at $68.81 per oz and gold finishing at $4,608 per oz, as investors focused on mounting U.S. fiscal pressures and developments in the Treasury market. The U.S. national debt officially surpassed $40 trillion, more than doubling since 2017, while rising interest costs continue to place additional pressure on federal finances. Against that backdrop, the Treasury announced plans to double buybacks of longer-dated government debt, initially pushing yields lower before the 10-year Treasury yield rebounded above its pre-announcement level by Friday. Treasury Secretary Scott Bessent defended the government's actions, discussed fiscal consolidation and argued that stronger economic growth can help address America's growing debt burden. Listen to last week’s market update to hear Bessent’s commentary on last week’s Treasury actions and what these developments could mean for the bond, gold and silver markets.

Gold’s breakout from its summer trading range, accelerating silver demand from China and India, and renewed debate over $300 to $1,000 silver price forecasts dominate this week’s precious metals market discussion. Gold and silver pushed higher again this week, with gold finishing near $4,375 an ounce and silver at $64.55, as precious metals continue to navigate a rapidly shifting macro landscape. Gold’s recent breakout above its summer consolidation range is putting renewed attention on Chinese buying, elevated U.S. bond yields, and mounting sovereign debt concerns. Meanwhile, the silver story is heating up as Indian ETF demand surges and China remains on pace to import more than 4,000 tonnes of fine silver this year. Those developments come as increasingly aggressive silver price forecasts revive the debate over just how far the metal could run in the next precious-metals mania. Listen and watch this week’s video https://www.youtube.com/watch?v=XdXDQaFbqk4  for the full breakdown and, importantly, to review the charts behind these gold and silver market trends.

Gold and silver rally last week as shifting expectations for interest rates, currency instability, and renewed investment demand put gold and silver back in focus. Gold finished the week at $4,341 per oz, while silver climbed to $63.30 per oz, pushing the gold-silver ratio down to roughly 68:1. China’s central bank added nearly 20 metric tons of gold in July, extending a broader trend of central-bank accumulation. Meanwhile, India may need to import another 135 million ounces of silver by year-end to meet current demand forecasts. Listen to last week’s Bullion Market Update for the key forces driving gold and silver—and what could come next.

Gold and silver ended the week relatively steady, but beneath the surface, major global events continue to reshape the precious metals landscape. As U.S. debt approaches the historic $40 trillion mark, Japan stunned currency markets with one of the largest yen interventions ever, underscoring mounting pressure on the global fiat system. Meanwhile, the Perth Mint captured headlines by unveiling a new Guinness World Record gold bar refined to an extraordinary 99.999% purity. We also examine what these developments could mean for gold, silver, and investor sentiment in the months ahead. Listen to this week's market update for the full analysis and key charts.

Gold and silver edged higher last week as investors weighed resilient physical demand against an evolving global market backdrop. Chinese gold imports remain on pace to surpass last year's total, while Hong Kong is preparing a tenfold expansion of its gold vault capacity, underscoring Asia's growing influence in the bullion market. Meanwhile, India's silver market continues to see tight physical supplies and elevated local premiums ahead of festival season. What do these developments mean for precious metals investors, and could they shape the next major move in gold and silver?

Gold and silver extended their summer pullback this week, with silver closing at $55.96 and gold finishing at $4,018 as the gold-to-silver ratio climbed to 71:1. Debate erupted after Treasury Secretary Scott Bessent's comments about U.S. silver reserves and Fort Knox reignited discussions across the precious metals community, while the U.S. national debt surpassed $39.5 trillion, reinforcing one of the long-term themes many bullion investors continue to watch. Even as Western investors reduced gold ETF exposure, Eastern buyers continued accumulating physical gold during the correction. Listen to this week's market update video to learn what these developments could mean for gold and silver, why many long-term bullion buyers remain confident, and the key trends shaping the precious metals market.

China is quietly buying gold at one of its fastest paces in years, while India's physical silver bullion market is experiencing shortages so severe that local buyers are paying nearly $80 per ounce. At the same time, the Silver Institute expects 2026 to mark the sixth consecutive global silver supply deficit, driven by growing demand from AI, data centers, solar, and electric vehicles. Add renewed Middle East tensions into the mix, and it's easy to see why precious metals remain one of the most closely watched markets today. In this week's update, we break down what these trends could mean for the future of gold and silver prices, physical bullion demand, and global supply. Listen to the full market update to understand the forces shaping precious metals and why investors around the world are paying close attention.

Gold and silver rebounded to close the week, but is this simply a relief rally or the beginning of the next major leg higher for precious metals? This week's market update examines why physical bullion buyers continue stepping in on price weakness, how 80 million ounces have flowed out of silver ETFs, why China continues paying premiums for silver, and what history can teach us from the explosive rallies that followed the 2008 selloff. We also explore why many analysts believe expanding global fiat currency supplies and tightening physical silver fundamentals continue to support the long-term bull market, despite today's short-term volatility. Plus, hear exclusive insights from Jupiter Gold & Silver Fund manager Ned Naylor-Leyland, who explains why derivatives and trend-following traders, not central banks, have been driving today's dramatic price swings. Listen in for a deeper dive into last week's market action and discover the key trends, technical levels, and macro forces that could shape the next move in gold, silver, and platinum.

Gold and silver prices pulled back sharply last week as hawkish Federal Reserve messaging weighed on investor sentiment, but many long-term bullion advocates see the decline as an opportunity rather than a warning sign. Behind the short-term volatility, central banks continue accumulating gold at a historic pace while concerns over rising government debt and currency debasement remain unresolved. In this week's market update, we examine why precious metals investors are staying bullish despite weakening prices, what major central banks are signaling about the future of global reserves, and why silver's supply-demand fundamentals continue to attract attention. We also break down the growing role of China's yuan in global trade and the implications for gold's long-term outlook. Listen for a deeper dive into the forces shaping precious metals markets and what they could mean for investors in the years ahead. Learn more...

Was the recent pullback in gold and silver the long-awaited bottom, or merely a pause before further volatility? This week's market update examines the latest precious metals price action, mounting U.S. fiscal pressures, accelerating global money creation, and growing concerns surrounding equity valuations and the AI investment boom. Industry experts argue that central bank buying, tightening silver supply, and persistent inflation risks continue to support the long-term bullish case for bullion. Meanwhile, current prices may be presenting investors with a rare opportunity to accumulate precious metals at a discount. Before diving into this week's analysis, be sure to listen to last week's Gold & Silver Market Update for important context on the trends shaping today's market environment.