Gold/Silver Uncertainty Level and Negative Correlation with Treasury Yields

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Chart above shows since 2025, the level of Uncertainty as measured by the q90-q10 spread in pur quantile forecasts has dropped significantly. Interpretation: Forecasts are now less uncertain and more reliable.

The chart above shows that the degree of Gold/Silver negative correlation as dropped since May 2026 and is now rising in a tight range between -0.25 and -0.05. Interpretation: There are other factors besides Treasury yields that impact the price of gold and silver. A basic tenet of Finance- that Gold as a non-yield asset moves in the opposite direction to Treasuy yields is losing its hold. 

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