Silver took a historic plunge on Friday, but there are signs traders should look out for that could suggest the pain isn't over. That's according to Jeffrey Christian, a longtime commodities analyst and managing director at CPM Group.The devil's metal — which has vaulted higher over the past year on a mix of economic factors and investor FOMO — just saw a brutal correction. After rallying more than 200%, silver plunged more than 30% on Friday as the US dollar strengthened and investors reacted to Trump's ...

Core Insights - Bitcoin has dropped below the $90,000 mark, continuing a decline from its recent peak near $120,000 due to uncertain macroeconomic signals and uneven liquidity conditions [1][10] Market Sensitivity - The recent price movements of Bitcoin highlight the market's sensitivity to monetary policy expectations rather than just economic data [3] - The US inflation rate has decreased to 2.7%, indicating a slow and uneven disinflation process, which keeps the Federal Reserve cautious and limits the potential for aggressive easing [4] Institutional Capital Dynamics - Elevated interest rates are causing institutional investors to be cautious regarding Bitcoin, as the cost of capital impacts speculative assets [5] - Without clear signals of a sustained easing cycle from the Fed, institutional capital is likely to remain selective or sidelined [6] - The strength of the US dollar and rising Treasury yields are adding further pressure on Bitcoin, with the dollar index increasing and the 10-year US Treasury yield nearing a three-month high of 4.17% [6] Asset Appeal and Market Dynamics - Higher real yields reduce the attractiveness of non-yielding assets like Bitcoin, especially for institutions with strict allocation frameworks [7] - The emergence of spot Bitcoin exchange-traded funds (ETFs) has altered market dynamics, broadening access and increasing institutional participation while tying Bitcoin more closely to traditional capital flows [7] Long-term Institutional Involvement - The increasing involvement of major financial institutions, including asset managers and banks, is reinforcing Bitcoin's status as an institutionalized asset, marking a shift from previous market cycles [8] Holder Confidence Indicators - On-chain indicators reveal that long-term holders remain active, as evidenced by relatively low exchange reserves, suggesting confidence among holders [9] - Despite low exchange reserves indicating holder conviction, analysts anticipate consolidation rather than a near-term breakout for Bitcoin [10]

Core Viewpoint - Gold price remains stable within a narrow range as bullish momentum is insufficient to challenge the support-turned-resistance level of $4,200, influenced by a stronger US dollar and expectations of a hawkish Federal Reserve [1] Group 1 - The current gold price is unable to break through the $4,200 level, indicating a lack of bullish momentum in the market [1] - A stronger US dollar is contributing to the pressure on gold prices, making it more expensive for holders of other currencies [1] - Market expectations of a hawkish Federal Reserve are impacting investor sentiment towards gold, as higher interest rates typically reduce the appeal of non-yielding assets like gold [1]

🚨 NEW: Bitcoin struggling to hold overhead resistance as long-term holders add selling pressure and rising US dollar strength dampens risk appetite.What's really holding $BTC back? https://t.co/Wx1wo6GOxM ...

When you look at gold's price action today, gold futures are lower for the first time. It feels like in about five or six days the dollar is stronger and there seems to be a shift in tone on the US dollar. Can the dollar and gold continue to move higher at the same time.If there is this sea change in more conviction in dollar strength going forward. Well, that's a great question. I think that speaks to our our preference.We prefer silver at the moment over gold around a week and a half ago, we upgrade our s ...

Geopolitical Developments - Diplomatic talks between E3 nations (France, Germany, and the UK) and Iran regarding its nuclear program have failed, leading to the activation of the "snapback" mechanism for UN sanctions due to Iran's alleged non-compliance with the JCPOA [2][6] - Iran's Supreme Leader has ruled out direct nuclear negotiations with the US, labeling them a "dead end," and has rejected E3 proposals, considering the snapback mechanism unlawful [2][6] Oil Market Dynamics - Oil supplies from Iraq's Kurdistan region to Turkey are set to resume, with approximately 230,000 barrels per day expected to flow through the pipeline, potentially alleviating global oil supply concerns [3][6] - The resumption of oil exports follows a deal between Iraq's federal and Kurdistan regional governments and oil firms, although formal signing and ratification by Baghdad are still required [3] Automotive Industry Trends - Volkswagen is implementing production cuts and temporary halts at several German electric vehicle plants due to slowing demand for light commercial vehicles and a slower-than-anticipated adoption of EVs [4][6] - The Hanover plant will pause production for one week in October, while the Zwickau plant will halt production for a week starting October 6, affecting models like the Audi Q4 e-tron [4] Pharmaceutical Industry Updates - The FDA has eliminated the Risk Evaluation and Mitigation Strategies (REMS) for Sanofi's cancer drug Caprelsa (vandetanib), streamlining its availability as healthcare providers are now deemed capable of managing associated risks [8][6] Currency and Economic Outlook - Barclays analysts assert that the US dollar's relative strength indicates that the fundamental underpinnings supporting the currency remain intact, despite economic headwinds and challenges to the Federal Reserve's autonomy [9] - Barclays' CEO expressed confidence that the US dollar will maintain its status as the world's reserve currency [9]

Government Debt - US debt to GDP ratio is approximately 121%, with about 36 trillion USD of debt and a GDP of about 30 trillion USD [1] - US debt to GDP ratio is among the highest, second only to Japan's 240% [2] - US national debt is considered a significant problem for the market's future [3] - The debt to GDP ratio has doubled since the 1990s, when it was around 60-66% [3] Gold and Silver Ratio - The current gold to silver ratio is about 91, while historically it averages around 60 [3][4] - Gold prices have increased by approximately 30% this year [5] US Dollar and Platinum - The US dollar has declined by about 12% in the first six months of the year, marking one of the biggest declines since 1973 [5] - Platinum prices are currently less than half the price of gold, despite recent increases [6] - Platinum may be an option for diversifying out of stocks or other assets [6]