Gold and silver pricing climbed by 3% and 9%, respectively, last week – suggesting price inflation in Q3. Gold pricing exceeded the Commodity IQ upper forecast band to reach new highs of about $2,300 per troy ounce. The Commodity IQ Price Index for connectors has increased for four of the last five months, rising 5% sequentially in March. With increasing labor rates, H2 demand confidence in multiple markets, and ongoing inventory normalization – pricing will be mostly stable in Q2.