Money Distilled

Is the Gold Bull Over, or Just Taking a Breath?

Precious metals have been hammered. Here’s what to watch for next.
Silver coins and bars. Not quite as shiny today.Photographer: Damian Lemanski/Bloomberg
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Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

I’ve written about silver on an occasional but regular basis for about 20 years now, so I’m well-accustomed to its antics. But even by silver’s standards, Friday was quite a day.