Gold and silver were drifting today, along with the markets in general.
Risk is low now as measured by the VIX. But it is really not ‘risk’ that is being measured, but rather ‘uncertainty’ in the markets.
And since the markets are massively mispricing the real economy and global situation, their certainty about their own ascendancy and the enduring power of paper assets is a little less than reassuring.
Have a pleasant evening.