July 16, 2021

Gold and silver declined today in tandem in equities, as bond yields rose with the 10-year ticking above 1.3%.  The relationship between inflation, yields and metal prices continue to be unpredictable.  The ongoing debate on the transitory nature of current price increases,  further complicates these relations.  After a strong week, gold is poised to close slightly above last Friday’s closing price, and silver is on pace to close 1.3% in the red.