On January 14, spot silver surged past $92/oz, up nearly 6% on the day. New York silver also jumped about 6% to $91.57/oz. So far this year, silver is already up around 25%. The rally in precious metals has been driven by rising expectations for Fed rate cuts after the release of the December CPI data, along with ongoing physical supply shortages.
I’ve also noticed industrial metals moving higher at the same time. Tin was up nearly 40% last year, and is already up more than 25% so far in 2026. Indonesia is the world’s second largest tin producer how do people view that market?
Do you think this move is just a CPI-driven panic spike or is it more of a real stress test for U.S. equities with capital rotating out of stocks and into precious metals as a safe haven?
Is this part of a bigger longer term trend?