Silver to $39.50: Up 9.4% Past 30 Days
Gold traded modestly higher at $3,351 per ounce as investors weighed conflicting signals about the US economy and Federal Reserve policy direction. Resilient economic data – including the lowest jobless claims since mid-April and advancing June retail sales – eased recession concerns but reduced market expectations for rate cuts, with swaps pricing less than 60% odds of a September reduction. San Francisco Fed President Mary Daly still suggested two cuts this year are reasonable, while President Trump continues pressuring for easier monetary policy. Gold remains disadvantaged in high-rate environments since it pays no interest, but has still surged over 25% this year on geopolitical tensions and dollar concerns. The precious metal has traded in a tight range recently as investors await clarity on trade talks, Fed policy, and tariff impacts. Silver, platinum, and palladium all joined gold’s advance, with platinum near decade highs.
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Silver Breaks 2,500-Year Records: Mike Maloney’s Triple-Digit Forecast
Silver just achieved something extraordinary. On August 29th, it reached $39.97 — within three cents of $40 — marking its highest level in nearly 14 years. But Mike Maloney’s latest analysis reveals something far more significant: silver has quietly set its highest monthly and quarterly closing records in 2,500 years. “Huge, huge news,” declares Mike, who’s been investing in silver for 22 years. “This isn’t just another rally.” The Historic Breakout Everyone Missed While headlines focused on the near-$40 price, Mike’s charts tell a bigger story. Silver has broken above every quarterly and monthly close from the 2011 peak. More
August 30, 2025
