It’s Happening: Why Silver is Exploding Right Now

Added: 2026-05-07

[00:00:00]Silver prices are surging big time today. I'm going to explain why in this video, but also talk about missed opportunities and will they arrive yet again for you if you're a buyer. I think they will. I'm going to explain why as we explore.

[00:00:23][music] Yeah, silver prices have dominated the precious metal markets today by a long shot. Here's the numbers of where the precious metal stand right now moments before these markets closed down. Gold is up $140.20 today. That's a 3.09% increase. That's a big move for gold for sure. And now it's sitting just under $4,700 an ounce at $4,699.60.

[00:00:53]Silver is up 6.5% now. Up $4.73 to $7769.

[00:01:02]Man, it almost got up to $78 earlier in the trading day. Platinum is also up.

[00:01:09]It's up 5.47% up $107 to uh $2,72.

[00:01:16]Palladium is up $3.46% 46% up $51 a day to $1,564.

[00:01:23]You know, this is all happening because of good news. That's right. You know, it's unusual that we see gold and silver prices rise because of good news, but the whole world is kind of flipped upside down right now. Uh and I'm going to explain here what's happening and when we should consider here down the road. But first, I'm going to remind you of channel sponsor Summit Metals. If you want a a good deal, excellent customer service, and fast shipping, Summit Metals is a place to go to elevate your wealth. And by the way, uh I'm going to show you what I got at my local coin shop as well, very recently. Um that actually yesterday during the dip and why I think it's a good idea to con consider maybe waiting to make a purchase, not today, even from channel sponsor Summit Metals. Uh you might want to wait a little bit. Of course, I could be wrong. the prices could keep climbing, but I have a feeling that the uh we're not through yet with the volatility. I'm going to explain why here in a moment, but the the broadbased selling pressure surrounding the dollar and the uh US dollar's upsurge as investors cheer news claiming that the United States and Iran are nearing a truce deal. The thing is, we've been hearing that for a while. President Trump's a broken record, basically saying Iran wants to make a deal.

[00:02:37]However, uh in his defense, when he's talking about Iran, who is he talking about? Which leadership structure is he dealing with? I don't think that no one really truly knows because of of the uh amount of uh of discombobulation in in the in the leadership there in Iran right now. But nonetheless, the prospects of it are weighing heavily on uh on the crude oils price, which has gone down now to $9527 a barrel. That's a 6.84% drop, $7 drop over the course of the last trading day.

[00:03:13]And that's big and good news because hopefully it will translate to lower prices at the pump. Although today it has not helped. And I think largely because we're just kind of on a wait and see attitude here. Axio reported earlier according to FX Street that the session that the deal would have both sides lifting restrictions in the straight of Hormuz. Additionally, Iran is expected to commit to a moratorum on nuclear enrichment while the US is seen lifting sanctions and releasing billions of frozen Iranian funds. Citing a Pakistani source involved in negotiations, Reuters confirmed that sides are very close to finalizing a deal. Thing is, we kind of heard this before, but nonetheless, the markets are reacting on this news. uh reflecting the improving risk mood. The US stock index's future were up dramatically too, nearing record highs right now. Dow Jones Industrial Average is up 1.24%.

[00:04:10]612 points up to just under 50,000.

[00:04:14]NASDAQ is up 512 points to 25,838.

[00:04:19]The S&P is up 105 points. The dollar is down dramatically down 30.31 to 98.01 and gold and silver as you know are climbing up dramatically here. Um so that's the that's the backdrop of what we're seeing here. Now according to mining.com as well uh gives a little bit also about this saying the gold has bounced back today to approach a two-week high as optimism over the US Iran peace deal ease concerns over inflation and extended period of high interest rates uh and spot gold prices surged uh to trading above $4,700 an ounce earlier in the trading session. In fact, it was $4,722.

[00:05:07]Three-month gold futures saw similar gains trading around 47 $4,710 in New York. So we are in contango with both metals right now. But still the spread still remain high between between the bid and ask and both both uh in both metals. But according to news outlets including Bloomberg, Iran is currently evaluating a proposal sent by the United States. US will end its military campaign assuming Iran agrees to give up what has been agreed to which is perhaps a big big assumption Donald Trump has posted on social media as concerns are rising uh price pressures were easing gold investors bet that the Federal Reserve can still move towards rate cuts rather than keeping policy restrictive for longer. There it is folks. That's the reason really when you trace it back through the events uh whenever there's good economic data and uh and less of a prospect of inflation. Well, that means the it is back on the table. Uh and the cards are still set for a possible rate cut for uh interest rates and that bodess very well for gold and silver. As concerns over rising price pressures were easing gold, investors bet that the Federal Reserve can still move towards these rate cuts rather than keeping the policy restrictive for longer. According to uh UA Manthy, a commodity strategist at ING Group, in the near term, investors will look uh at the series of incoming US data releases, including the employment numbers that'll come out on Friday to gauge the Federal Reserve's monetary policy. So, in other words, depending on what comes out on Friday with those numbers, if we see more less likely a chance that we see uh that they will not cut rates, uh then I think we're going to see gold and silver prices fall back down again. Volatility will continue, which means another opportunity to buy. Uh but uh I bought yesterday, would not have bought today at my local coin shop. Just passing through there. I got this cool 1 oz uh round here. A thick one. Pretty cool indeed. This is actually a coin rather.

[00:07:16]Uh 2022 American bald eagle coin. Uh and this is really cool. It's from Touvalu 1 49 fine silver. Never seen this before.

[00:07:27]They had a tube of these. I picked one of them up. Really kind of a cool piece.

[00:07:32]I don't know uh what the I have to measure the diameter of it, but it is extra thick, but it is not quite as thick and small as the diamond fist round, which by the way is also still available over at Summit Metals. And this is 30 mm likely. The other one is 32 mm. So there it is. You can see the difference between that round and and the Diamond Fist round. So the Diamond Fist round is a little bit more chunky.

[00:07:57]Also, it's high relief where the other one is not high relief. Not I'm not comparing apples to oranges. I'm comparing silver rounds to silver coins.

[00:08:05]This is an actual coin from Toualoo, but still nonetheless uh pretty cool to add that to the stack. And uh at a just a couple dollars above spot and for the same price uh the same premium rather, I got this little Scottdale 5 g bar.

[00:08:22]That's right. Pretty nice to be able to add this little thick little silver bar to the stack. Indeed. So there that adds to the stack there and uh so a nice addition. Now I think that uh what they're saying here u leading out here about what's fascinating is that the rest of the year market participants including those from major banks are optimistic that gold will rise higher uh with or without rate cuts. But there is one bank that does not believe the same for silver. A key driver is expected to be the official uh sector purchases of the metal which according to World Gold Council rose last quarter despite some central banks reducing their holdings.

[00:09:03]So yes indeed. So we'll see how that all plays out. But I do think that we're going to have more opportunities, more volatility will come our way and I think that honestly there should be a level of skepticism on this latest news with Iran. I I [clears throat] honestly don't trust it to be honest with you. I think there's still enough power broking there with the uh with the IRGC influence uh that is they're going to do something to offset it to upset it. They may strike a deal, but rogue actors, there's enough of them in the IRGC that are going to still continue to upset things uh in the straight. In fact, they probably are going to let this thing go and then as soon as it's a a deal and ships go start to go through there again, uh they will attack. uh which means that we have to be extra diligent and not only the United States but other nations should be involved to really police and scan the strait and monitor it very closely.

[00:10:00]We have the technology. We should implement the technology in my view to be able to prevent and be able to see these attacks come before they get there. It may be easier said than done but I think it can still be done and should be done because uh that's but we'll see. So I think that uh I think the markets likely uh the exuberance of the news of the day I think will be shortlived and we're going to see lower silver and gold prices especially silver prices likely probably through the end of the week unless we get news uh that is uh that is good that is just enough for uh the Federal Reserve to lower interest rates would probably would mean that uh employment numbers would probably have to come in under what they expect for them to lower interest rates. We'll see how it plays out. Uh, fascinating. Let me know what your thoughts are in the comments section below. I strive to bring you the latest news and analysis in a world of precious metals. So, if you enjoy what I do here, I hope you would consider subscribing to the channel. And with that being said, I'd like to extend a multitude of gratitude to each and every one of you for taking the time to watch and encourage you to please rate. That means thumb up this video. That helps engagement. Share it among other social media platforms.

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