Quoth the Raven
· QTR’s Fringe Finance
· June 24, 2026 at 18:01
· ⏱ 1 min read
| Read on Substack ↗
Summary
The article argues that gold and silver are plunging due to a surging dollar and renewed hawkish Fed expectations, not because of any fundamental weakness in the metals themselves, making the correction potentially overdone and the setup increasingly interesting for a reversal. This suggests that if dollar strength reverses or Fed rhetoric softens, gold and silver could see a sharp snapback.
•The U.S. Dollar Index (DXY) pushed above 101, its highest level since May 2025, as traders price in a more hawkish Fed and possible rate hikes.
•Gold dropped roughly 2% in the latest move and is now down more than 20% from its January 2026 peak.
•Silver fell approximately 5% in the most recent selloff, extending a correction that has hit the metal harder on a percentage basis than gold.
•The author views this correction as a potential buying opportunity because the selloff is driven by dollar strength and rate expectations rather than intrinsic gold/silver market dynamics.