//www.ft.com/content/69d15526-97d2-476a-9699-e341f26118f2″>quoted by the Financial Times, declaring, “Gold is the preferred dollar hedge, and this is the next iteration of that trade.” A round of applause for Nicky, who points out that the ever-growing U.S. debt is like a bad haircut—hard to ignore and even harder to fix. Silver ETFs have seen a whopping 300 tonnes of inflows this month—double the amount from May! Talk about a glow-up! Suki Cooper from Standard Chartered chimed in:
This does feel like a catch-up flow in platinum and silver, relative to gold.
And let’s not forget the gold-to-silver ratio, currently at a staggering 93—far above the historical average—suggesting that silver is the underdog waiting for its moment in the spotlight.
Industrial demand is the cherry on top of this metallic sundae. Silver is the unsung hero in solar panels, batteries, and glass coatings, while platinum plays a crucial role in auto catalytic converters and other industrial shenanigans. Cooper, ever the optimist, noted a tightening market:
We expected both silver and platinum to be in quite a deep deficit in 2025 … There is support for more upside.
As the world slowly embraces electric vehicles—albeit at a snail’s pace—platinum usage remains steadfast, while the Chinese are rediscovering their love for platinum jewelry. With above-ground inventories dwindling like my patience during a long meeting, both metals are poised for a continued surge in investor interest and potential price gains. Buckle up, folks! 🚀
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2025-06-14 06:57