Is the biggest Gold and Silver bull run since the 1970s about to begin?

Market impact: moderately bullish for XAGUSD, but largely conditional and sentiment-driven.

The article reinforces a bullish precious-metals narrative built around elevated long-term Treasury yields, rising U.S. debt-service pressure, weaker foreign demand for Treasuries, and the expansion of the Treasury’s long-duration bond buyback program. The immediate market mechanism is not direct monetary easing: buybacks may improve Treasury-market liquidity, but they do not by themselves cap yields or expand the Federal Reserve’s balance sheet.

For silver, the implications are potentially more pronounced than for gold. Silver has a smaller and less liquid investable market, so renewed institutional allocation or momentum-based buying can produce sharper upside acceleration. A sustained decline in real yields, renewed expectations of Fed liquidity support, or a weaker U.S. dollar would strengthen this transmission channel.

However, the article is an analysis piece from a precious-metals specialist, not a new official policy announcement or independently verified forecast. Its references to $75 silver and $100 silver are scenario thresholds rather than established market expectations. The bullish interpretation therefore depends on confirmation from Treasury yields, real rates, the dollar, ETF flows, and actual follow-through above recent highs.

Trading implications:

• Bullish factors: falling real yields, a softer USD, increased expectations of financial repression or future QE, continued central-bank buying, and evidence of capital rotation into commodities.
• Bearish risks: persistent high real yields, a stronger dollar, Treasury-market stabilization without further policy easing, profit-taking after silver’s rapid advance, or deterioration in industrial demand—particularly relevant because silver has a substantial cyclical/industrial component.
• Cross-asset sensitivity: XAGUSD is likely to remain highly responsive to DXY, U.S. real yields, nominal Treasury yields, gold/silver positioning, copper, and broader commodity risk appetite. A disorderly bond-market selloff could initially support precious metals as a safe-haven trade, but forced deleveraging could also generate sharp temporary declines.

Bottom line:

The news is directionally supportive of XAGUSD over the medium term, but it does not constitute a standalone fundamental catalyst for a new secular bull market. The key confirmation would be continued silver strength alongside falling real yields or a weaker dollar; silver rising solely on momentum while rates and the USD remain firm would increase reversal risk.