Why Is Silver’s Mining Margin So Wide? Tavi Costa Explains

Silver’s recent price drop looks significant. The math behind it tells a different story. Macro strategist Tavi Costa breaks down why the $46 spread between silver’s spot price and its average mining cost is the widest in recorded history — and why that number matters far more than where silver traded last week.
What’s Really Driving Gold Prices Today — 5 Key Signals

Gold held through missiles, rate fears, and a central bank leadership transition. Five structural signals explain what’s really driving gold prices — from the BoE abandoning its own inflation forecast to AI data centres creating demand that doesn’t care what the spot price is.
