Gold and silver are rebounding this week in the face of intense stock market volatility and overall weakness.
At present, gold is up $70 this morning and trades at $3,070 – only 2 percent below its all-time high achieve last Wednesday.
Silver fell more than $4 after last week's jarring tariff announcements, but it has regained about $1 to trade this morning at $30.50.
While the chaos continues in global stock and bond markets, demand for physical gold and silver in the U.S. retail market has suddenly risen to multi-year highs.
Wholesalers have seen their excess inventories cleaned out over the past week, and mints are now firing back up their long-idle equipment to supply the markets.
The last year has witnessed at least two mints in the United States close their doors due to lack of business. It's unknown whether the fresh demand in recent days will continue, but it's likely we'll see premiums drift higher on coins, bars, and rounds.
Money Metals is extremely well stocked at present and our shipping speeds remain extremely fast.
