“We believe the demand is across the board. We see institutions either adding to or establishing long term strategic asset allocation type positions. We see individual investors doing the same. We see a certain amount of FOMO. There’s a fear of missing out whenever the price gains momentum to the upside” George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, told FOX Business.
Source – FOX News
The ultra-wealthy are increasingly moving their gold offshore as economic and geopolitical uncertainty roils markets — and Singapore is emerging as a favored destination.
Not far from the city-state’s airport sits a six-story facility covered in onyx and fortified by tight security. Tucked behind its steel doors are gold and silver bars amounting to about $1.5 billion.
“A lot of very high net worth clients are looking at tariffs, looking at the world changing, looking at the potential of geopolitical instabilities,” Gregersen told CNBC.
“The idea of putting physical metal in a safe jurisdiction like Singapore with parties they can trust is becoming a big trend nowadays,” he said, adding that 90% of the new orders are coming from outside of Singapore.
Source – CNBC
Silver is more volatile than gold. Monthly historical volatility in the COMEX silver futures market is at 19.88%, while gold’s monthly price variance metric is 10.45%. Silver’s penchant for high price volatility attracts more speculative market participants than gold. While gold is an investment asset, silver tends to be a trading vehicle.
Source – Seeking Alpha / Analysis
SILJ – is Amplify Junior Silver Miners
U.S. Commerce Secretary Howard Lutnick said nothing would stop President Donald Trump’s expanded 25% tariffs on steel and aluminum until U.S. domestic production is strengthened, and that Trump will add copper to his trade protections.
“We can’t be in a war and rely on steel and aluminum from some other country. I mean, it’s just not reasonable,” Lutnick said. “So the president wants steel and aluminum in America, and let me be clear, nothing is going to stop that until we’ve got a big, strong domestic steel and aluminum capability. And by the way, he’s going to add copper to that mix too.”
Source – Reuters
Citi expects the price of gold to consolidate around $3,100 to $3,500 per ounce in the third quarter, as prices moderate due to geopolitical de-escalation in the Middle East and an improved global growth outlook, the bank said in a note on Monday.
“We expect continued price consolidation … and highlight our view that we may have already seen the highs at $3,500/oz in late April as the gold market deficit is peaking soon if not already,” Citi said in the note.
Source – Reuters
“Bitcoin disrupted global finance just a decade ago, now, silver is emerging as the next keystone of global transformation—poised to reshape industries, currencies and geopolitics.”
“With reserves projected to run out in just 20 years, Plume predicts silver’s price could surpass $60 per ounce.”
According to Plume, nonsourced calculations are “showing the U.S. would need over 3.5 billion ounces [109,375 tons] of silver to transition to 100 percent solar power.” The writer and his publisher say this ties into “how China’s dominance in silver production threatens U.S. strategic interests.”
Source – Recycling Today
Collin Plume author of Silver is the New Oil
Article on Collin Plume CSQ
President Donald Trump said he will put a 50% tariff on copper imports effective Aug. 1.
“I am announcing a 50% tariff on copper, effective Aug. 1, 2025, after receiving a robust national security assessment,” Trump posted to his Truth Social account Wednesday evening.
Copper prices rose 2.62% after Trump’s comments, then extended its gains before leaping 13.12% upwards and hitting its best one-day gain since 1989.
Source – UPI News
