Bloomberg Analyst: Silver Rebound May Signal Gold and Risk Asset Pullback

BlockBeats News, June 8th. According to Bloomberg Intelligence's Senior Commodity Strategist Mike McGlone, silver surged over 60% at one point in 2026, but as of June 5th, it has reversed its gains. In his latest analysis, he pointed out that this reversal may not only impact silver itself but also exert transmission pressure on gold and broader risk assets.

Looking at the chart he shared, the price of silver has experienced a significant turning point in the recent high range after years of cyclical fluctuations, rapidly retracing its year-to-date gains. This movement has shown a certain synchronous relationship with inflation indicators and the risk asset cycle. McGlone believes that this shift in trend may suggest a weakening momentum in the inflation trade and signal a certain "deflation return," thereby exerting potential pressure on risk assets such as stocks.