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James E. Thorne observes that gold and silver are currently moving through a period of mean reversion following their recent rapid price advances.
According to Thorne, although narratives around gold and silver have lagged behind, price movements are leading the story. He highlights that the momentum seen weeks ago as unstoppable has now shifted, with price normalization taking place as narratives attempt to catch up.
Thorne has previously tracked volatility across sectors, reporting on a jump in U.S. flatbed rejection rates to 40 percent amid strong industrial freight demand. In January, he also highlighted a 0.3 percent drop in final demand goods prices despite higher producer price index readings. These recent reports reflect Thorne’s focus on shifts in prices and demand across commodities and goods.