Silver to $39.50: Up 9.4% Past 30 Days
China’s central bank (PBOC) has authorized commercial banks to purchase foreign currencies specifically for gold imports following an expansion of gold import quotas last month. This strategic move comes as gold prices have rallied amid market volatility caused by President Trump’s trade war, which has also strengthened Asian currencies as investors move away from U.S. dollars. The policy adjustment serves a dual purpose: helping meet increased demand for gold while simultaneously easing the yuan’s appreciation, which has been hurting Chinese exporters already struggling with U.S. import tariffs. Despite gold prices reaching $3,500 per ounce last month, the PBOC has continued to build its gold reserves since November, viewing the precious metal as a safe asset during times of high uncertainty.
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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
