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Gold and silver are the market’s oldest fear gauges: when investors expect inflation, war or currency stress, safe-haven metal demand rises. This index ranks current gold and silver levels against multi-year history and blends in equity volatility (VIX) and the 10-year Treasury yield.

Read it as safe-haven pressure: a high score means metals, volatility and yields are jointly signalling defensive positioning; a low score means risk appetite is healthy and havens are quiet.