Gold, Silver & Other Precious Metals 19 (Oct 24 - Dec 26)

[winston]

Both gold and equity markets have shown a steady rise, contradicting the usual risk relationship.

by Darryl Guppy

Gold could fall by 12 per cent to US$2,900 and still remain consistent with the long term uptrend.

The second feature is the consolidation in the trading band between support near US$3,200 and resistance near US$3,400.

Gold tends to move within well-defined trading bands so a breakout above US$3,400 has a target near US$3,600.

A downside move below US$3,200 has support near US$3,000.

The uptrend with gold has paused and this suggests a level of indecision about broader market direction.

The consolidation suggests that the bears are losing confidence but have not yet given up hope.

Source: Business Times

[behappyalways]

RANKED: World’s 20 biggest silver-producing mines
https://www.mining.com/featured-article ... e_vignette

[winston]

vested in SLV and GLD

Silver to Gold Ratio Looks ‘Favorable.’ What That Signals.

by Karishma Vanjani

The ratio of weekly silver and gold prices suggests that odds currently favor silver over gold, according to investment research firm Sentiment Trader.

Silver has been on an upward trend, with its year-to-date gain exceeding gold on Monday for the first time in 48 trading days, as measured by performance of two popular exchange-traded funds, the iShares Silver Trust and SPDR Gold Shares.

Against that backdrop, Sentiment Trader highlighted the silver to gold ratio, a popular way for commodity traders to analyze the attractiveness of one metal over another.

Source: Barron's

https://finance.yahoo.com/m/949e4c5d-f7 ... looks.html

[winston]

Platinum tumbles as traders reduce risk on Middle East tension

By Jack Ryan & Yvonne Yue Li
14 Jun 2025, 11:13 am

The price contraction came as the metal, used in jewellery and auto catalysts, as well as in the chemical and glass industries, had rallied as much as 12% earlier this week as robust Chinese demand and tight market conditions fuelled bullish sentiment.

Many analysts thought prices had risen too far, too fast to hold.

“A sustained breakout is unlikely,” Lina Thomas of Goldman Sachs Group Inc wrote on Thursday, predicting spot platinum prices likely would fall back to the US$800-US$1,150-an-ounce range, where they have remained for most of the last decade.

“Chinese buying appears highly price sensitive and tends to fall when prices are high,” Thomas wrote, adding she expects stable-to-moderately higher global platinum supply unless South African power constraints re-emerge, along with continued pressure on auto sector demand.

This month’s spike in prices was in part driven by availability of the physical metal. Spot prices for platinum also are trading well above futures, another sign of tightness.

That tightness was in part thanks to a dramatic outflow of platinum from the main trading hubs of London and Zurich to the US in the first few months of 2025 over fears imports would be subject to US President Donald Trump’s tariffs.

Source: Bloomberg

https://theedgemalaysia.com/node/759014

[behappyalways]

Here’s the part of Gundlach’s interview about gold…
https://x.com/duediligenceguy/status/19 ... 5325705479


Gold Passes Euro As Second-Largest Global Reserve Asset: ECB
https://www.zerohedge.com/precious-meta ... -asset-ecb

[winston]

Citi Expects Gold Price to Fall Below US$3,000 After Uptrend Over

Citi Research issued a research report believing that the gold price will lose momentum after hitting new high, mainly due to weakening investment demand, improving global growth prospects and the Fed's interest rate cuts.

It is expected that the gold price will fall below US$3,000 per ounce in the next few quarters before rebounding to US$2,500-US$2,700 per ounce in 2H26.

Stimulated by the turbulence brought about by the US trade policy and the tense situation in the Middle East, the gold price has risen by about 30% YTD, and once set an all-time high in April.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

Add Gold Exposure to Your Portfolio Today

by Sean Michael Cummings

During each of the past three years, central banks have snapped up more than 1,000 tonnes of the metal. And they’re not slowing down.

In the last quarter alone, India’s central bank bought 3 tonnes of gold… the Czech Republic bought 5… Kazakhstan bought 6… China bought 12… and Poland’s central bank added about 48 tonnes to its gold pile.

Zijin is the first Chinese mining company to make the leap to streaming. (Most streamers are Canadian.) It’s seeking deals in Africa and South America worth between $200 million and $400 million this year.

Source: Daily Wealth

https://dailytradealert.com/2025/06/17/ ... lio-today/

[winston]

vested SLV

Silver is on the move… and we’re still early in the move

As you can see below, since late May, silver has been crushing gold roughly 3-to-1.

But even after this move, we think it has plenty of room to run. To understand why, let’s revisit the gold-to-silver ratio.

As I write Tuesday, it’s at 91 – still elevated, but falling (bullish for silver). Importantly, this is happening because silver’s price is rising fast, not because gold’s price is falling.

So, what’s fueling silver’s momentum beyond technical mean reversion?

For one, supply constraints. According to the Silver Institute, global silver markets ran a deficit of roughly 117 million ounces in 2024 – the fifth straight year of undersupply.

Most silver is produced as a by-product of mining other metals such as copper and zinc. That means higher prices won’t necessarily lead to more supply anytime soon.

Then there’s the industrial side.

Silver plays a critical role in solar panel production, which continues to grow rapidly. Throw in rising demand for electrification and high-tech components, and you have a metal that’s increasingly indispensable – yet still underpriced by historical standards.

Technically, the picture looks strong too.

Silver recently cleared resistance around $37 – its highest level since 2012.

Bottom line: After years of underperformance, silver is stepping back into the spotlight. This may be the early stages of a long-awaited “silver bull.”

If you’re looking for a one-click, easy way to play it, check out SLV, which is the iShares Silver Trust.

Bottom line: Given today’s backdrop of geopolitical instability, ballooning sovereign debt, and the ongoing erosion of fiat currency credibility, we think silver (and gold) have very bright futures from here.

Source: Investor Place

[winston]

Four Major Drivers of the Gold-Silver Price Ratio

by Erik Norland

Over time, the relative value of gold and silver as measured by their price ratio has varied amid supply growth, central bank buying, advances in technology (photography and solar panels) as well as the pace of Chinese growth.

Gold and silver prices are often highly correlated with a one-year rolling correlation coefficient ranging from 0.68 to 0.95.

Bottom Line

Central-bank buying of gold has contributed to its outperformance relative to silver.

The decline of photography has hurt silver prices.

Growth in solar panel manufacturing may provide support for silver.

The gold-silver ratio has been tightly connected to the pace of Chinese growth.

Source: Yahoo Finance

https://finance.yahoo.com/news/four-maj ... 00136.html

[winston]

The Smart Money is Quietly Buying This Precious Metal Right Now (While Others Sleep)

by Sean Michael Cummings

Western investors are finally “getting the memo” on gold’s ongoing bull run. And now, the metal has yet another new source of demand.

If you’ve missed the gold rally so far, you’re not the only one. But with Western investors finally joining the party, it’s a great time to go long.

Don’t make the same costly mistake as Bridgewater did in 2023… Add gold to your portfolio today.

Source: Daily Wealth

https://dailytradealert.com/2025/06/26/ ... ers-sleep/