First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/06/12/fundamentals-for-gold-and-silver-keep-improving-002757

Nobody knows better than longstanding gold and silver bugs that prices don't always reflect positive fundamentals. The U.S. recently experienced the highest price inflation in decades. Demand for physical bullion surged to record highs in response to that and the chaos in geopolitics.