If a widening conflict in the Middle East continues to keep oil prices elevated, the resulting “inflation tax” may force a rotation back into hard assets. Silver, meanwhile, offers a more aggressive profile. While it possesses the potential to outpace gold during a recovery, its dual identity as an industrial commodity makes it sensitive to the economic cooling that often accompanies prolonged warfare. It seems counterintuitive that gold would struggle during a major military escalation. However, the initial phase of the conflict on February 28 triggered a classic “dash for cash.” Data from Reuters highlights that ... (full story)