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Both gold and silver were down on Thursday, with the gold futures down $21 to $3,387, and the silver futures down 56 cents to $36.35.

Obviously, there’s a bit of tension in the world, as we await the latest decisions from Donald Trump regarding military strikes on Iran.

Right now, I’m not sure what else to say about this situation, other than, of course, it’s tragic, and you hope that somewhere there are some adults in the room who actually really do want peace for their people.

Although I was thinking this afternoon how it does sadden me as an American that we have the privilege of being looked upon as a leader in the world, yet I can’t remember the last time the US stepped in and actually mediated one of these situations instead of causing a further escalation. And while I won’t continue on about my personal feelings regarding US foreign policy, I do think these trends are part of what’s being reflected in the gold market right now.

Yet in terms of another market that’s of importance to the silver pricing is the copper market. That has some supply and demand dynamics that aren’t all that dissimilar from what we talk so often about in silver.

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