The U.S. Department of the Interior has proposed adding silver to its list of critical minerals. The list, established in 2017, guides federal strategy, investment, and mine permitting decisions.

I’ve been spotting and writing a lot about volatility squeezes lately, which occur when volatility drops to extremely low levels and signal big upcoming moves. This dynamic is currently developing in assets such as gold and U.S. Treasuries. 

Mike Maharrey begins this episode of the Money Metals Midweek Memo by pointing out a paradox. Rising consumer debt is often reported as good news, framed as a sign of economic confidence. Analysts cheer when people borrow more, saying it means households are...

Even though the silver price was down yesterday, there was some big news released. As silver was added by the US Geological Society to the government's critical minerals draft list.

Keep big purchases off-market and control the price to which those transactions refer. That has been China’s strategy: No longer! In recent decades, China, which ranks fifth in global silver reserves, has not only mined 3,500-4,000 tonnes annually but imported large...

Declining South African mine output is contributing to the structural deficit in the platinum market, and the situation isn’t likely to improve soon. Platinum demand outstripped supply for the third straight year in 2024.

Mike Maharrey of the Money Metals Podcast sat down with David Morgan, CEO of The Morgan Report and author of The Silver Manifesto, to discuss the state of the silver and gold markets, inflation, central banks, and the future of global financial systems.

We know that people have valued gold and silver for thousands of years, but new evidence reveals that people were using the metals in a much more sophisticated way earlier than originally thought.

Our long term stocks/bond model remains in favor of equities over bonds. Trend is up. Cycle is up.

Corporate bankruptcies hit a 14-year high in 2024, and the pace continued through the first seven months of 2025. This should throw cold water on those who imagine the U.S. economy is booming, and it underscores the Catch-22 facing the Federal Reserve as it wrestles...

We've finally seen the gold and silver miners rally this year. But when you think about what the institutional fund managers are looking at right now, it raises the question, is the miner rally already over?

Iran has found a solution to its inflation problem. Just lop some zeros off the currency. A parliamentary economics committee recently approved a bill to re-denominate the rial. The new currency would retain the name, but one new rial would equal 10,000 old rials....

How convenient: Just as a “top economist” for Moody’s says that GDP may not be as reliable as it once was for gauging when we go into recession, Trump’s new appointee to replace the director of the Bureau of Labor Statistics, whom he fired, says the best solution...

Producer prices rose significantly more than expected in July, throwing markets into turmoil and calling into question what seemed like an almost certain Federal Reserve interest rate cut in September.

You've likely heard about the ongoing silver deficit, where demand has outstripped supply for the last 5 years now, and is on track to continue in the years ahead.