Image Source: Pixabay

On Monday, we are seeing somewhat volatile price action in the gold and silver markets, even if the prices have ended up in roughly the same area in which they started.

The gold price sold off sharply after last night's opening, trading down to $3,368, before rallying to $3,403, and then selling off down to $3,377.
 

We can see a similar pattern in the silver chart, where last night's sell-off hit a low of $37.83, before climbing as high as $38.34, and then coming back down to $38.07.
 

Of course, we have talked plenty in the last few months about the increased volatility in the precious metals markets, and how you would probably be well served to expect that to continue in the months and years ahead. Especially given how there's been a lot of talk recently by the Federal Reserve and other central banks in regards to gold revaluation.

The Fed even posted a paper on that topic on its website a few weeks ago, and the GENIUS Act has followed up on Cynthia Lummis' Strategic Bitcoin Reserve bill in talking about revaluing the Fed's gold certificates to the current market price. Which would result in a digital entry that would deposit new cash into the Treasury.

More By This Author: