The last few days have seen the prices of silver and platinum rise, significantly outperforming gold. Silver futures rose past $42 per ounce, hitting a new decade high. The metal has seen its prices climb by over 45% since the year begun. Platinum futures also wrapped up the week at $1,400 an ounce and while prices have dropped from their July peaks, the metal continues to trade near an 11-year high and show an increase of over 54% thus far into the year.
A huge chunk of the metal’s advances has occurred in recent months as investors shift along the precious metals’ spectrum.
A sector-wide advance in precious metals signals reinforcement of the broader bull market. Gold has traditionally taken the lead at the beginning of a rising cycle, only to be overtaken by silver and platinum. Despite this, the metal continues to attract significant attention from investors; its appeal strengthening amid heightened global uncertainty. This comes as investors continue to look for safety in the face of shifting U.S. trade policy and rising geopolitical tensions.
Increasing inflation and renewed volatility in global markets have also reinforced demand for the metal as a hedge, with Trump administration criticizing the Federal Reserve’s institutional independence and instrumentalizing the economy for political ends fueling investor anxiety and strengthening gold’s role as a safe-haven asset.
The new tariffs on imports imposed by the Trump administration have also fueled concerns over a potential slowdown in global trading, further adding to inflationary pressures. This environment has allowed gold to surge to record highs above $3,600 an ounce, supported by sustained purchases of central banks and heavy inflows into ETFs as investors turn to the metal as a reliable store of value.
Overall, the metal’s price has risen by almost 40%. In a recent note, commodity analysts at TD Securities cautioned that the London Bullion Market Association’s inventory could be drained in 7 months. Additionally, they warned that with stronger investment flows, available stock could be depleted in 4 months.
Given the present momentum, they argued that silver could see its prices hit $50 per ounce. The platinum market is also set to register a supply deficit of more than 800,000 ounces.
It is important for investors to realize that while platinum and silver hold attractive growth potential, they come with heightened levels of risk. Both markets are smaller as compared to gold, leaving them more prone to sharp fluctuations.
This may be a good time for exploration firms like Torr Metals Inc. (TSX.V: TMET) to ramp up their capital mobilization efforts as the supply of gold becomes increasingly strained around the world.
NOTE TO INVESTORS: The latest news and updates relating to Torr Metals Inc. (TSX.V: TMET) are available in the company’s newsroom at https://ibn.fm/TMET
About MiningNewsWire
MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire
Los Angeles, CA
www.MiningNewsWire.com
310.299.1717 Office
Editor@MiningNewsWire.com
MiningNewsWire is powered by IBN
