When a government starts to big time trash its fiat tokens, the world wants a higher interest rate to make up for the bill's, note's or bond's decreasing purchasing power. If interest rates are really taking off because the world fears big time devaluation of the government fiat token that the debt is denominated in, so will the price of gold and silver denominated in the same fiat token that the debt being trashed is denominated in.
A 30 year bond chart
A 3 year bond chart
A 3+ month bond chart
The price of long term US Treasury bonds are up near the top of their long term channel. It does not look like there is anywhere for them to go but down. More wind at the back of the gold price and the silver price.
Opps! Looks like the world does not much like US debt. Great for the price of gold and silver.