Strong price pressure on gold, silver as bond yields rise - KITCO

Rising yields create paper pressure, sure. But look past the noise. Central banks added 800 tons in Q3 alone. COMEX registered gold sits at multi-year lows while open interest stays elevated. The yield spike is temporary monetary theater while the real game plays out in physical markets. Smart money knows the Fed's hiking cycle has limits with $33 trillion in debt. Every yield-driven dip gets absorbed by stackers who understand the endgame. Silver's getting hammered harder due to its smaller market, but that just makes the setup sweeter. The fundamentals haven't changed - currency debasement, geopolitical tension, supply constraints. Bond vigilantes can push paper prices around short-term, but they can't print more gold.