May 17, 2021

Gold and silver reached 5-month highs today as inflation scares continue to increase the appeal of haven assets such as precious metals.  Gold hit $1,868 and silver ticked above $28.00 for the first time since January and traded as high at $28.38 before declining slightly to its current level of $28.25. Cryptos had one of their worst days in years with Bitcoin and Ethereum both down over 20% for the last week, drawing comparisons to 2017’s selloff which led to a three-year bear market. Stocks were fairly steady today but closed down across the board; the Dow dropped 50 points and the Nasdaq and S&P fell 0.38% and 0.25% respectively.