Precious metals have been on a tear in recent weeks as the debasement trade—diversifying away from fiat currencies such as the US dollar—gathers momentum. Ongoing US fiscal and political uncertainty has added to haven demand, while a drop in real yields—driven by expectations of continued monetary loosening from the Federal Reserve—has further supported prices. Both gold and silver posted their strongest monthly gains since the pandemic in September, up roughly 12% and 17.5% respectively, and the bullish momentum has extended into October. However, silver has been outshining gold, with the gold/silver ratio – which ... (full story)