About this episode

This episode discusses the recent pullback in gold and silver prices, comments from Treasury Secretary Scott Bessent, and trends in the precious metals market amidst rising national debt.

Gold and silver extended their summer pullback this week, with silver closing at $55.96 and gold finishing at $4,018 as the gold-to-silver ratio climbed to 71:1. Debate erupted after Treasury Secretary Scott Bessent's comments about U.S. silver reserves and Fort Knox reignited discussions across the precious metals community, while the U.S. national debt surpassed $39.5 trillion, reinforcing one of the long-term themes many bullion investors continue to watch. Even as Western investors reduced gold ETF exposure, Eastern buyers continued accumulating physical gold during the correction. Listen to this week's market update video to learn what these developments could mean for gold and silver, why many long-term bullion buyers remain confident, and the key trends shaping the precious metals market.

More episodes of SD Bullion

• Why China Keeps Buying Gold While India Pays $80 for Silver · July 11, 2026 · 14 min
• Ned Naylor-Leyland on Gold & Silver's Next Move & Gold Silver Rise Into the 4th of July · July 4, 2026 · 9 min
• Bearish Silver Gold Sentiment Got Me More Bullion · June 20, 2026 · 11 min
• Was the Gold and Silver Bottom In? Bullion Market Outlook · June 14, 2026 · 20 min

Explore listener stats, chart rankings, contacts and more on the SD Bullion podcast page.