Gold and Silver Prices Stabilize Amidst Uncertainty in Fed Policy and Hedge Fund Activity.

Gold and silver hit a brick wall last week as hedge fund positioning becomes more nuanced in the marketplace. Despite renewed selling pressure, both gold and silver remain in long-term bullish rallies as investors protect themselves from persistently elevated inflation and global economic uncertainty. Silver could have more potential than gold through 2023 as speculative bullish positioning remains well below peak levels last year when prices briefly pushed above $27 an ounce.