August 12, 2025 - (Gold Market Wire) - Silver remains in the channel, with the uptrend still in tact, in a low volatility environment, waiting for the outcome of the (much hyped) US-Russia Alaska summit between Trump and Putin.

...and the zoom out:

The much vaunted Summit in Alaska, we think, is unlikely to produce any significant result. Europe and Zelensky are now tied at the hip, and the Summit looks like it may, realistically be constructed merely to jettison Washington's involvement in the financing of the war - effectively saying, "we tried...but its not 'our' war...we have other more pressing issues."

We may get lots of fanfare and hoopla, but when everything settles down, it looks like we will be right back where we started. JD Vance has already clearly stated that Washington is washing its hands of the situation. Europe, for its part, seems to be on a suicide mission. It cannot win against Russia militarily, but it needs the war to continue, as its economy is now wholly reliant on its continued prosecution. I.e. - rearmament to buttress a moribund economy that is rapidly dying.

We have been here before. The prognosis is negative. Big post-summit dips in the metals, if they come, should be bought. Nothing has changed. Europe will not agree to peace. So war it will be. Semmingly, to the end - which is rapidly being arranged.

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