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Silver rallies to new all-time highs on renewed Fed independence worries
Silver extended the gains into a new record high today following the news of the US Department of Justice subpoenaing the Federal Reserve. This is just another attack on Fed independence as the White House continues to seek pretext to fire Fed Chair Powell. We have already seen this kind of intimidation with Fed Governor Cook last year when Trump tried to fire her for cause without success as we continue to await the US Supreme Court decision on that case. Silver rallied on the news because a potential loss of Fed independence increases the risk of higher inflation in the future and US Dollar debasement. The ... (full story)
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