How have gold and silver responded? At the time of writing, both have pulled back—largely due to a US inflation report and overnight profit-taking. However, these are short-term moves. More insight can be gained from the SNB's decision to cut rates by a larger-than-expected margin. The 50-basis-point move may have been unexpected, but for the SNB, it was an obvious choice. Its statement highlighted economic growth concerns for 2025, political uncertainty in Europe, and the fact that "the future course of economic policy in the US is still uncertain." While worrisome, this uncertainty bodes well for gold, which historically thrives in such conditions, especially when multiple uncertainty factors come into play.

Did you know that silver is the second most-utilized commodity after oil? It's not surprising when you consider its reach across our lives—from cell phones and solar panels to virtually anything requiring electricity. The demand for silver, and its diverse sources, is the focus of this week's video.