If you were watching the precious metals markets at the US open, you would have seen just how volatile things have become.
Gold briefly traded above $5,600 an ounce before falling sharply by around $500. Silver saw a similar move, dropping by roughly $14 in a very short space of time. There was no clear piece of news to explain the move, just a sudden and violent reversal that caught many by surprise.
Days like this tend to revive the familiar questions. Is this a bubble? Is the move over? Is something broken?
Those questions are exactly why I recently sat down with Jan Skoyles on GoldCoreTV to talk through what is actually driving gold and silver right now, and why sharp price swings do not change the underlying picture.
This is not a discussion about predicting the next price move. It is a discussion about understanding why gold and silver are behaving differently from most other assets, and why volatility itself has become a feature rather than a flaw of this market.
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