Category Archives: Precious Metals

BANGKOK (AP) — European shares opened higher on Friday and Asian stocks retreated after U.S. markets were closed to observe … Continue reading →

Gold aiming for best week in seven while hitting a four-week peak on Friday, boosting on safe-haven demand driven by … Continue reading →

It’s only the 9th of January, but looking at the headlines, it feels like we’re already deep into the year. From devastating environmental crises to a President-elect already reshaping US foreign relations, and a bond market sell-off, the world is off to a tumultuous start.

Today, the United Nations Department of Economic and Social Affairs (UN DESA) will release the 2025 edition of its World Economic Situation and Prospects report. As has become a recurring theme, the authors highlight a significant gap between the story the numbers tell and the underlying realities. This year’s report focuses on critical minerals, a crucial topic as the world undergoes a major energy transition. Regular readers and investors will recognise the pivotal role of silver in green energy technologies, and we’re keen to see how this precious metal features in this year’s findings.

Also today, the World Gold Council released its December market commentary. While gold surrendered some of its gains at the end of the month, 2024 was an extraordinary year for the yellow metal. Gold closed the year 25.5% higher, with the LBMA Gold Price PM setting 40 new all-time highs over the course of the year.

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On another note, we’re excited to share our latest interview with precious metals market stalwart David Morgan, also known as the Silver Guru. Recorded just before Christmas, David shares his outlook for gold and silver in the year ahead. We discussed why silver is currently lagging behind gold, the key factors influencing its price, and his thoughts on the broader economic picture, including real inflation, the Fed’s recent rate cuts, and Bitcoin’s evolving role in the financial landscape alongside precious metals.

David is the CEO of GoldCore.

Until Summer 2023 he was the Director of Marketing and Communications, responsible for all marketing and communications strategies and branding.

David joined GoldCore in 2008 as Director of Business Development and later took over as Director of Marketing and Communications in 2020.

Prior to this Dave managed and operated his own Marketing Agency and completed multiple coaching qualifications.

“Working for GoldCore gives you a fantastic lens through which to view global financial and geopolitical developments. I am very proud to be part of a company that contributes to increasing investors understanding of these developments.”

When he’s not at work, David is passionate about sailing and has completed the ‘Round Ireland Yacht Race’ twice. Continue reading →

Silver is making a strong comeback at the start of 2025, following a challenging year-end performance in 2024. 

There is good reason to suspect that bullion banks have deliberately driven gold and silver prices lower at the close of 2024 to “paint the charts” and influence the yearly closing prices. 

This tactic seems plausible, given the solid gains in gold and silver posted throughout the year—26% and 21%, respectively. With the new year underway, the stage is set for the gold and silver bull market to regain momentum and potentially exceed last year’s performance.

Although silver broke below its uptrend line on December 18th, it appears to have formed a double bottom and rebounded off the downtrend line that began in May. 

To confirm that the sell-off is truly over and silver’s rally is ready to resume, I would like to see it close back above the uptrend line, effectively negating the December 18th breakdown. Following that, a convincing close above the $32–$33 resistance zone—an area that has posed a significant challenge for the past seven months—would strengthen the bullish case. 

If silver can sustain a close above this key level, it should pave the way for a rally to $35, $40, and ultimately higher.While silver has remained stagnant since late October, there’s reason to believe this is merely another consolidation phase, similar to those seen a year ago and during the past summer. 

If history repeats itself, and a breakout occurs, silver could be poised for another strong rally, just as it did following the previous consolidation periods.I closely monitor gold, as it, along with copper, plays a significant role in influencing silver prices. 

Currently, COMEX gold futures are trading within a range of $2,550 to $2,800. To confirm that gold’s bull market has resumed, a decisive, high-volume close above both the triangle pattern and the $2,800 resistance level is necessary. 

Such a breakout would likely propel gold to $3,000 and beyond in short order, which would prove very beneficial for silver as well.In addition to gold, I closely monitor the price of copper, as it significantly influences silver’s performance. 

For silver to gain meaningful bullish momentum, a strong rally in copper is likely necessary. Currently, copper is hovering near its key $4 support level, and a rebound from this point would be a positive signal. If copper can successfully rally, the next critical test will be the $5–$5.20 resistance zone. 

A decisive close above this range should ignite a powerful copper bull market, which would likely have a favorable impact on silver prices.I’ve developed an indicator to help confirm price movements in silver, called the Synthetic Silver Price Index (SSPI). 

This index combines the average prices of copper and gold, with copper adjusted by a factor of 540 to prevent gold from disproportionately influencing the index. The SSPI closely mirrors silver’s price movement, even though silver itself is not an input. 

The encouraging news is that the SSPI has just bounced off its uptrend line, signaling underlying strength. The next key step is for the index to achieve a decisive close above the 2,600–2,640 resistance zone, which would provide a strong bullish signal for silver.Though silver investor sentiment is currently quite negative, it’s important to step back and focus on the bigger picture, which remains very positive. 

The 200-day moving average of silver prices, which smooths out short-term volatility, is at its highest level since 2013. 

Trends in motion tend to persist, suggesting that this underlying strength is likely to carry into 2025 and beyond.Silver is still on track to break out of its multi-decade cup-and-handle pattern, paving the way for it to reach several hundred dollars per ounce:As silver gains momentum, I anticipate silver miners will thrive, despite their recent struggles. This lag is likely due to silver’s long-term bull market still being in its early stages. 

It will take some time for investors to recognize how undervalued silver mining stocks truly are—but when they do, these stocks are poised to soar. 

Although silver stagnated at the end of 2024, the new year brings plenty of reasons for optimism. Most investors are currently underestimating silver, overlooking its strong overall performance over the past year and dismissing the fact that its bull market is just beginning, with significant potential ahead. 

Now is the time to remain confident and focus on the opportunity that lies ahead.

Personally, I am highly optimistic about silver’s prospects, and the widespread negativity surrounding it only strengthens my conviction from a contrarian perspective—after all, the crowd is typically wrong. Continue reading →

Precious metals experts predict a bullish year for gold and silver, citing geopolitical tensions and increasing demand as key drivers. … Continue reading →

Phil Low, in a recent Liberty and Finance interview, argues that China’s massive gold reserves pose little threat to the … Continue reading →

A perfect, money-making market backdrop may not continue for much longer as investors digest rising bond yields, bloated valuations and … Continue reading →

Gold boosts on this morning’s key jobs report that shows slowing growth, leading to hopes of interest rate cuts. Talk … Continue reading →

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