Silver up 13% in 13 days, Gold at $4,600: Is a new supercycle on the horizon?

Gold and silver are rallying ahead with no signs of weakness, at least in the near term. With increased uncertainty, there is a strategic allocation to precious metals, which is driving the prices of gold and silver upward. Some of the latest triggers and factors leading the powerful rallies in gold and silver are being seen in the precious metals market.

Fed’s Independence
Fed Chair Jerome Powell has accused the Trump administration of pressing the central bank to follow its policy preferences. This comes after US federal prosecutors began a criminal investigation against Powell in connection with his Testimony before the Senate Banking Committee in June.

Trump has denied plans to remove Powell from office, yet the administration is pressuring him to resign before his term as Chair ends in May 2026. This interference in the operations of an independent central bank is viewed unfavorably by global investors, and it could further erode the credibility of the US Fed, potentially influencing gold and silver prices.