Global Markets in Turmoil: Gold & Silver Rally as DOJ Threatens Fed Indictment
Precious metals hit unprecedented highs as the Justice Department threatens the Federal Reserve’s independence, igniting a global rush for safe-haven assets.
If there were any lingering doubts that 2026 would be a quiet year for global markets, the US Justice Department just shattered them along with several centuries of central bank tradition. In a stunning escalation of the ongoing friction between the White House and the Federal Reserve, the DOJ has reportedly threatened the Fed with a criminal indictment, sending shockwaves through Wall Street and lighting a rocket under precious metals.
Gold and silver prices stormed to historic highs on Monday as investors scrambled to hedge against what looks increasingly like an institutional crisis. The logic is as simple as it is terrifying: if the Federal Reserve loses its independence to political pressure, its ability to fight inflation is effectively hamstrung. The market’s verdict was immediate and violent. Gold spiked above $4,600 an ounce, while silver staged a breathtaking rally, jumping over 7% to smash past $85, a fresh record that makes previous peaks look like gentle foothills.
While gold remains the primary shelter for nervous capital, silver has become the casino of choice for the bold. The white metal is currently outperforming its more expensive cousin, driven by a perfect storm of industrial shortages and a speculative mania that stretches from New York to Shanghai. The market is so tight that supplies are reportedly stuck in US warehouses due to tariff fears, unable to reach the dominant London spot market. Meanwhile, a "speculative frenzy" in China has seen deep-pocketed funds pile into the metal with such aggression that the nation’s only pure-play silver fund has been forced to turn away new investors.


