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Silver prices have surged above $65.5 per ounce, nearing record highs due to strong fundamentals and debasement trade. The metal has gained over 120% year-to-date, driven by investor demand amid economic uncertainty. Record inflows into silver ETFs and robust industrial demand from sectors like solar and EVs support the trend. Supply constraints in the London market are expected to continue through 2026.
If all the gold ever mined were cast into a single cube, it would measure about 22 meters on each side, roughly half the length of an Olympic swimming pool or about as tall as a seven-storey apartment building.
Noise, Myths And Mechanics In The Silver Market
Goldman Sachs predicts a significant upside for gold, projecting prices to reach $4,900/oz by December 2026, driven by central bank demand. The bank also recommends a "long copper / short aluminum" trade due to supply-demand dynamics. Gold's resilience is highlighted by its recovery above the 100-hour moving average, with targets set at $4,500 and $5,000. Meanwhile, aluminum faces a bearish outlook with a 20% drop expected by 2026. The analysis underscores a preference for gold and copper as strategic reserves and infrastructure essentials.
