Why Silver’s Historic Supply Deficit Can’t Stop the Slide: Rate Fears and a Solar Exodus Drive P

Rate fears after renewed US airstrikes on Iranian targets, lifting inflation expectations (US CPI May +4.2% y/y) and reinforcing expectations of at least one 25-basis-point Fed rate increase by December; ECB raised its deposit rate by 0.25% to 2.25% citing the Iran conflict Perigon signal context: impact negative, driver macroeconomic.