Central Banks Provide Gold Tailwinds, Silver Gains Traction, Platinum Pauses
Central banks continue to support the gold market, adding a net 20 tons of gold in May 2025, with a bullish sentiment expected to persist. Silver is gaining traction with significant inflows into ETFs, stabilizing above $36 per ounce. Meanwhile, platinum may be pausing after a recent rally, with potential consolidation in the industry. Mergers and acquisitions are active, including Equinox Gold's $1.8 billion acquisition of Calibre Mining. The gold-to-silver ratio suggests silver has room to appreciate, while the abrdn Physical Precious Metals ETF GLTR is up 26.19% year-to-date.
Benzinga·
