Happy Tuesday! Silver is quietly stealing the spotlight as it edges closer to a price level not seen in over a decade — and some analysts believe this could be just the beginning. Is a long-awaited supercycle finally taking shape? Read to see why silver may be the market’s next big mover.

Also, the future of driving may not just change how we travel, it could upend a $300 billion industry. Discover how insurance costs could drop significantly by 2040 and take a look at which tech giants, automakers and companies are likely taking over the wheel.

Plus, if you’re looking to sharpen your trading strategy with a focus on high-conviction, low-frequency trades, check out today’s sponsor. 

In today's edition

• MARKET RECAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Silver Supercycle: 'You Never Have Enough Of It,' Hedge Fund Analyst Says As $50 Level Looms

Silver is on the verge of a potential breakout that could push prices to levels not seen since the historic rallies in 2011 and the late 1970s.

After a decade of lagging behind gold, silver’s recent surge and tightening supply dynamics suggest a rare “supercycle” may be underway. Industrial demand, especially from booming sectors like solar energy, is rising sharply, while new silver discoveries remain scarce, creating a perfect storm for prices to move higher.

“When gold leads, silver then follows. Silver is the next one in line," said Otavio Costa, macro strategist at hedge fund Crescat Capital.

Historical trends suggest that once silver breaks through this key threshold, the market may enter uncharted territory — triggering a wave of price discovery.

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Yesterday: U.S. indexes mostly rose Monday, with the S&P 500 posting back-to-back gains as optimism grew around trade talks between the U.S. and China. Officials from the two largest economies met in London as both sides look to work out their differences. Discussions focused on technology and rare earth minerals, helping lift consumer discretionary, information technology and materials stocks, while utilities and financials lagged. Treasury yields declined, with the 10-year yield at 4.48%, as markets maintained expectations for two Fed rate cuts this year and two more in 2026. Oil prices extended recent gains, and the U.S. dollar weakened. Investors now look ahead to Wednesday’s CPI report, with inflation expected to edge higher amid early effects of new tariffs.

On Our Radar: Analysts will be monitoring the release of the Consumer Price Index — due Wednesday morning — for fresh insights into inflation trends and what it could mean for the Federal Reserve’s next move. On the earnings front, GameStop (GME) will headline a slate of companies that will report results after market close today.

Soaring: AMD shares popped after Citigroup raised its price target just days before the company’s major “Advancing AI” event. With new AI-focused acquisitions and a bullish growth outlook, click to see why AMD could be a breakout play in tech.

Fueling Gains: Shares of Casey’s General Stores surged after crushing earnings estimates, driven by strong food and fuel performance. With a dividend boost, aggressive growth plans and a bullish outlook for 2026, find out why Casey’s might be a sleeper stock to watch.

Making Moves: Apple’s latest update at the WWDC introduced a stunning new design and powerful features set to transform iOS 26. From smarter apps to surprising innovations, read on to see a breakdown of what’s coming next.

Historic Drop: The S&P 500 has put on quite the show the last two months, and recently surged past 6,000. At the same time, the VIX has plunged 63%, marking the steepest volatility crash ever. Dive into the report to see if now’s the time to ride the wave or brace for turbulence ahead.

Saylor’s Stash: Strategy (MSTR) just scooped up another $110 million worth of Bitcoin, pushing its total to a staggering 582,000 BTC worth over $40 billion. As institutions waver and outflows take place, Michael Saylor and team continue to double down. Here are all the details.

Editor’s Note: Every week, Benzinga Edge members receive the Insider Report. It’s a rundown of what to expect from the markets in the week to come, which sectors are outperforming and why, and most importantly, a selection of hand-picked stocks that are likely poised to move up because of that week’s trends. Here’s a sneak peek:

Despite all the headline risks on trade, the labor market and even political relationships gone sour, the equity market once again showed its resiliency. When bad news leads to upside in stocks, it's very bullish. Tech ran the table again and cryptocurrencies look to be coiling for their next move higher as semiconductors keep outperforming too.

Additionally, I see so many traders out there clinging to every other headline to justify their positioning, or lack thereof, in this market. I want to be very clear and state that this is probably the most dangerous way to trade markets.

There's a reason why we say that a bull market climbs a wall of worry in this business. Don't forget that U.S. stocks have significantly underperformed their international counterparts year-to-date. Many international markets have already hit new all-time highs following the recent selloff.

Whether it's "imminent real estate collapse" opinions or a "global depression due to tariffs," it's never been more expensive to ignore price action. Cut through the narratives and focus on what matters most – price action – with Benzinga's Insider Report.

On This Day In 2019…

Salesforce announced its acquisition of data analytics company Tableau in an all-stock deal valued at $15.7 billion. The acquisition aimed to enhance Salesforce's analytic capabilities and was one of the largest tech deals of the year. Although the company stopped reporting revenue figures for Tableau and other acquired companies, experts say the deal has been very beneficial. While there have certainly been some integration challenges as well as layoffs in 2023, overall, the platform's revenue growth remains encouraging. At the time of the acquisition, the market cap of Salesforce was just over $100 billion. Today, the company has a market cap of more than $250 billion.

QUOTE OF THE DAY

“All intelligent investing is value investing.”

— Charlie Munger

Self-Driving Cars May Slash Insurance Costs By 50% By 2040, Challenge Traditional Insurers: Goldman Sachs

The auto insurance industry is on the verge of a seismic shift, driven by the rapid rise of self-driving cars and robotaxis.

Goldman Sachs projects that insurance costs could drop significantly by 2040 as autonomous vehicles drastically reduce accidents caused by human error. But this isn’t just a story about falling premiums, it's a complex transformation that threatens to upend the traditional insurance model, introducing new risks and reshaping liability.

At the same time, automakers and tech companies are eyeing the insurance space themselves, potentially bypassing traditional insurers altogether. Will established players adapt quickly enough, or will newcomers rewrite the rules of the game?

From evolving technology, rising repair costs, and shifting legal landscapes, this high-stakes environment is full of both challenges and opportunities. Read on to dive deeper in understanding these dynamics in an industry that could be redefined.

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