"The average time, historically, between the last rate hike and the first rate cut is only five months, since the 1950s... We could very well see Powell stopping rate hikes later this year and then lower them five months later," says Jeff Clark, senior precious metals analyst for GoldSilver.com. And he argues that ongoing global supply-chain disruptions are hampering the precious metals space. "The supply chain is the real issue. Even if I want to pay more to get something I still can't get it... Miners are budgeting for a certain inflation rate, and their inflation rate internally ends up being higher, all because of the supply chain," he tells our Daniela Cambone. "Bringing down the economy will slow demand down, which in theory slows inflation," he concludes.