The acceleration of inflation in the US has only temporarily slowed the rally in XAG/USD quotes. This seems unusual, as under such conditions the Fed and other central banks typically prioritize monetary tightening, which deprives the precious metal of its key advantage—the debasement trade. At the same time, rising economic uncertainty could put pressure on industrial demand for silver. However, the market does not appear to be panicking. Precious metals rallied amid rumors that India would raise import duties, a move later confirmed. New Delhi is in a difficult position, as a widening current account deficit and ... (full story)