• Silver Elephant Mining published a market note flagging renewed volatility as the Trump administration moved to impose a universal 15% tariff for up to 150 days under Section 122, despite a Supreme Court ruling that challenged some emergency-power tariffs.
• Risk appetite weakened as stocks opened lower, the US dollar fell, Treasury prices declined, gold rose.
• Core PCE inflation rose 0.4% month-on-month, the annual rate edged up to 3%, a mix seen as consistent with a soft-landing backdrop that allows the Federal Reserve to stay patient on rates.
• Gold regained bullish momentum on trade-policy uncertainty, fiscal concerns, geopolitical risks, a softer dollar, while silver was seen as more vulnerable to any cooling in tech-led industrial demand.
• Brent crude moved above USD 70 on a Middle East risk premium, with escalation risk flagged as a potential path to USD 90-USD 100 oil that could pressure equities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Silver Elephant Mining Corp. published the original content used to generate this news brief on May 21, 2026, and is solely responsible for the information contained therein.