Gold and Silver Industry & Investing News

Silver futures have broken out to 13-year highs, with technical momentum accelerating. A bullish MACD crossover confirms the move, signaling further upside potential ahead for traders and investors. The macro backdrop remains supportive: global risk appetite is weak, and geopolitical hotspots—from U.S.-Russia tensions to tariff threats—are keeping safe-haven demand elevated. With gold already setting new records, silver still looks undervalued, offering possible room to run toward its all-time high near $50.

Bitcoin hit a new all-time high above $118,000, driven by booming demand for spot Bitcoin ETFs and growing regulatory clarity. A softer dollar and supportive stance from the Trump administration have added fuel to the rally. In Washington, momentum is building behind the GENIUS Act, a Senate-passed bill to regulate stablecoins and lay the foundation for broader crypto policy. With the House vote coming next week, the industry’s expanding political clout and record-breaking price action signal a new era for digital assets.

Gold is gaining momentum, rising for a third consecutive day, driven by a mix of geopolitical tensions, rate cut speculation, and safe-haven buying. Spot gold reached $3,334.99, while U.S. futures touched $3,345.30. Analysts forecast continued strength in gold prices over the next quarter. Trump’s aggressive tariff measures on Canada and other trading partners are fueling concerns about a global slowdown, while dovish signals from Fed officials hint at multiple rate cuts this year—boosting non-yielding assets like gold. Silver also rallied, up 1% to $37.42, as investors rotate into precious metals amid mounting uncertainty.

“Crypto treasury firms are flooding public markets through SPACs and reverse mergers in a bid to capitalize on token volatility and investor enthusiasm. Backed by firms like SoftBank and Cantor Fitzgerald, new players like Twenty One Capital and ProCap Financial are fast-tracking deals to mirror the playbook of Strategy, whose Bitcoin-heavy model has delivered massive premiums. Fueled by a crypto rebound and favorable regulatory signals, deal activity is booming—especially among firms accumulating tokens to trade above their net asset value (NAV). Mid-size banks like KBW and Cohen are leading many of these deals, with KBW expecting its digital asset deal...

Trump’s decision to raise tariffs on Canadian goods to 35% deepens economic tensions with one of America’s closest trading partners. The new tariffs, linked to fentanyl enforcement and trade grievances, add pressure to global markets already rattled by a wave of U.S. tariff letters. With the tariffs set to kick in August 1, investors are growing uneasy, as seen in early declines in stock market futures. Canada, which has already retaliated with tariffs of its own, remains in negotiations but is pushing back against Trump’s rhetoric and trade demands. As the second-largest U.S. trade partner, Canada’s response—and any economic fallout—will...

Despite new U.S. tariffs, copper’s long-term outlook remains strong, according to Barrick Mining CEO Mark Bristow. Speaking from Zambia, Bristow acknowledged the short-term price volatility sparked by President Trump’s 50% copper tariff, which caused U.S. copper futures to hit an all-time high. However, he emphasized that copper demand is still outpacing supply, driven by growth in data centers, clean energy, and industrialization in emerging markets. Barrick is moving forward with a $2 billion expansion of its Lumwana copper mine in Zambia, aiming to double production by 2028 and extend operations through 2057.

Oil markets were stable on Friday, with Brent and WTI crude little changed week-over-week, as traders absorbed a weaker demand forecast from the IEA and ongoing tariff and geopolitical risk. The IEA increased its supply growth outlook but trimmed demand expectations slightly, while still pointing to tight market conditions due to strong summer travel and high refinery runs. Meanwhile, potential new sanctions on Russia and Trump’s evolving tariff threats continue to stir volatility concerns. A major statement on Russia is expected from Trump next week, which could impact global supply expectations.

U.S. Treasury yields climbed Friday after former President Donald Trump announced a 35% tariff on Canadian imports, escalating trade tensions. Yields on the 10-year, 30-year, and 2-year notes all rose as investors reacted to the news. Trump said Canada’s failure to cooperate on stopping fentanyl imports played a role in the decision, and he warned that blanket tariffs of 15–20% on other nations may follow. The sharp moves come on the heels of earlier 50% tariffs on Brazil and copper imports. Markets are now bracing for new inflation data and the Fed’s monthly budget statement, expected later today.

Silver broke through $37 per ounce, marking its highest level since 2011 as geopolitical tensions and tariff shocks renewed safe-haven buying. The move came after Trump announced a 35% tariff on Canadian imports and hinted at broad new trade levies on major global partners. Heavy 50% tariffs on copper and goods from Brazil earlier in the week added fuel to the fire. While bullish momentum remains strong, a firmer U.S. dollar and cautious Fed commentary may temper near-term upside. Chicago Fed President Goolsbee stressed that interest rate decisions will remain focused on inflation and jobs—not political pressure.