Gold's Resilience Shines Amidst Soaring Treasury Yields, Silver Remains Underrated

Gold prices remain strong near $2000 per ounce despite rising Treasury yields and rate hike expectations, while silver is considered undervalued. Gold's rally may be due to short covering and increased haven demand amid escalating conflicts in the Middle East. Despite the rally, gold ETFs have seen outflows. Silver's low price has boosted coin sales, but silver-backed ETFs have experienced declines. The gold-silver ratio suggests that silver is undervalued relative to gold. Both metals are currently trading at elevated levels, with gold at $1,973.05 per ounce and silver at $22.987 per ounce.