The prices of silver and gold are rising, while the U.S. dollar is weakening.

During the Asian trading session, the weakening of the US dollar has had a ripple effect on the entire metals market, with spot silver and gold prices both hitting historic highs in early trading. Despite these gains, Michael Brown of Pepperstone believes that the bullish outlook for precious metals remains solid. He cites reasons such as robust reserve demand and market participants' continued pursuit of de-dollarization. Industrial usage also presents a positive outlook for silver. The senior research strategist stated in a report, "There is no doubt that we have seen a significant rise in a short period of time, which means some consolidation in the near term would not be harmful, but the mid-term 'path of least resistance' still points upwards."