It’s been a bumper year for silver, and for precious metals at large, with XAG now up a chunky 49% YTD. Those gains have accelerated in recent weeks, with the rally really starting to kick into a higher gear since the start of September, now standing at almost 20% in the last four weeks alone. This move, across the PM complex, has been driven by largely by three factors – increased demand from central banks (especially in EM) seeking to diversify their reserve holdings; investor worries about the inflation outlook, chiefly the risk of higher inflation becoming embedded; and, the unsustainable fiscal path on which ... (full story)