WHY ARE GOLD AND SILVER RISING ALONGSIDE OIL?

The Western mainstream media narrative around gold is starting to show serious cracks.

Soaring U.S. debt? Supposedly not a problem.
Another costly geopolitical conflict? Apparently not.
Strategic Petroleum Reserves (SPR) declining? Still nothing to worry about.

But the markets may be sending a very different signal.

If the U.S. truly has the Strait of Hormuz under control, why have tanker transits fallen to almost zero?

And more importantly: why are oil, gold, and silver all starting to rise at the same time?

Oil is reacting to the risk of constrained energy supplies. Gold is responding to growing geopolitical and financial uncertainty. And silver could benefit not only from its role as a precious metal, but also from its structurally tight supply.

Perhaps the market is beginning to price in risks that the headlines are still underestimating.