A jeweller shows gold and silver bars at his shop in downtown Kuwait City on January 12, 2026.
YASSER AL-ZAYYAT / AFP via Getty Images/YASSER AL-ZAYYAT / AFP via Getty Images
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YASSER AL-ZAYYAT / AFP via Getty Images/YASSER AL-ZAYYAT / AFP via Getty Images
The prices of gold and silver are on rollercoaster rides; Gold has been rising over the last few years, silver shot up like a skyrocket in January … but then both plunged in price and sputtered around the end of the month.
It raises the question: What is going on?
Today on the show, we talk with some traders about what this volatility of gold and silver is saying about the state of the world.
Related episodes:
A new-ish gold rush and other indicators
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.