Gold and silver are rebounding this week amid intense stock market volatility and overall weakness.

At this moment, gold is up $70 this morning and trading at $3,070, just 2 percent below its all-time high reached last Wednesday.

Silver fell more than $4 after last week's shocking tariff announcements, but recovered about $1 to trade at $30.50 this morning.

As chaos continues in global stock and bond markets, demand for physical gold and silver in the US retail market has suddenly surged to multi-year highs.

Wholesalers have seen their excess inventories liquidated over the past week, and mints are now bringing their long-idle equipment back online to supply the markets.

Last year, at least two mints in the US closed their doors due to lack of activity. It is unclear whether the new demand of recent days will continue, but we are likely to see an increase in premiums on coins, bars, and rounds.

Money Metals