Phil Carr
The Gold & Silver Club
Metal prices are booming across the board with everything from Palladium, Iron Ore to Copper, trading near multi-year highs.
This week, Iron Ore broke $200 a ton for the first time ever, while Palladium broke above $3,000 to hit an all-time record high. Elsewhere, Copper prices surged to a fresh 10-year high and have now doubled from the lows seen a year ago.
And then there’s Silver, which is once again starting to attract a lot of attention – on a scale not seen since the global financial crisis in 2008.
There is a lack of Silver around the world. There is not much Silver at any refineries and getting your hands on physical Silver is becoming increasingly difficult. In fact, Silver is now rarer than Gold, which means there is a risk of a real Silver squeeze this year.
And let’s not forget the whole ‘Green Energy Revolution’, which is currently taking shape across the global economy.
Silver is a key component in everything from electric vehicles, renewable energy to solar power technology. However, supply is limited, which further supports the bullish case for Silver prices in the medium to long term.
As governments around the world pursue more aggressive Green Energy and Infrastructure policies to reach net-zero carbon emissions by 2050 or sooner – this alone will continue to be a major driver of Silver demand for years to come.
Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:
Trading has large potential rewards, but also large potential risk and may not be suitable for all investors. The value of your investments and income may go down as well as up. You should not speculate with capital that you cannot afford to lose. Ensure you fully understand the risks and seek independent advice if necessary.
Recommended Content
Editors’ Picks
AUD/USD holds steady above 0.6300; looks to US NFP for fresh impetus
AUD/USD stalls the previous day's pullback from the 0.6400 neighborhood, or over a two-week high, and oscillates in a range during the Asian session on Friday ahead of the US NFP. In the meantime, the USD struggles to lure buyers as Trump's sweeping tariffs lift recession fears, which might force the Fed to resume its rate-cutting cycle soon.
USD/JPY recovers slightly from multi-month low; upside seems limited ahead of US NFP
USD/JPY attracts some buyers during the Asian session on Friday and moves away from its lowest level since October set the previous day. Investors scale back their expectations that the BoJ would raise policy rate at a faster pace amid worries that Trump's new tariffs could negatively impact Japan's economy, which is seen weighing on the JPY.
Gold holds positive ground above $3,100, all eyes on US NFP data
Gold price recovers some lost ground to near $3,115 during the late American session on Thursday after facing some profit-taking in the previous session. Escalating concerns over a global trade war and ongoing geopolitical risks boost the Gold price, a traditional safe-haven asset.
Ethereum: Short-term holders may not impact ETH's price, Pectra mainnet upgrade set for May 7
Ethereum declined by 3% on Thursday as market participants continued to react to President Donald Trump's announcements regarding reciprocal tariffs. However, the selling pressure may not persist since most ETH short-term holders already sold their assets in March.
Trump’s “Liberation Day” tariffs on the way
United States (US) President Donald Trump’s self-styled “Liberation Day” has finally arrived. After four straight failures to kick off Donald Trump’s “day one” tariffs that were supposed to be implemented when President Trump assumed office 72 days ago, Trump’s team is slated to finally unveil a sweeping, lopsided package of “reciprocal” tariffs.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.