I noticed an interesting situation in the market in April — the dollar index then suddenly surged, gaining more than half a percent. When the dollar strengthens, it usually puts pressure on precious metals, and here the picture was classic: gold immediately dropped by $150, silver suffered even more, down 6% in one move.

I remember, at that time, there was quite a bit of tension around Trump and his stance on troop withdrawals — he refused to specify timelines. Simultaneously, Iran was escalating the situation, hinting at more serious actions. Such geopolitical moves often boost demand for the dollar as a safe-haven asset.

Overall, it's interesting to observe how the dollar index reacts to these factors. When investors are nervous, they run to the dollar, and precious metals lose their appeal. That was exactly the scene back then — the dollar index rose, and everything else fell.