Helpful miscellaneous articles
regarding our retirement plan and planning.
Like you, I review my retirement nestegg and plan from time to
time. Recently, I went though some
continued education for some credentials I maintain and it occurred to me that
we all could use a review about these issues.
So with your help, we will share and post articles and info that may be
helpful and of interest to many of you in this section.
55 Discounts that Seniors are Entitled too
+++++++++++++++++++++++++++++++++++++++++++++
Silver catches a lift from gold's bull run to eye 10-year peak
By Brijesh
Patel and Daksh
Grover
February 16, 20258:29 PM ESTUpdated 7 days ago
Ingots of 99.99 percent
pure silver are placed in a workroom at the Novosibirsk precious metals
refining and manufacturing plant in the Siberian city of Novosibirsk, Russia,
September 15, 2023. REUTERS/Alexander Manzyuk/FIle photo Purchase Licensing Rights, opens
new tab
· Summary
· Companies
· COMEX
silver stocks climb sharply since November
·
Silver up 14% so far in 2025, following 21% rise
last year
·
Acceleration in economic activity key for the metal
Feb 14 (Reuters) -
Silver prices hit their highest since late October on Friday, latching on to
factors that drove gold to successive record highs, with some analysts
suggesting investors in the metal may aim to challenge a 10-year high just shy
of $35 per ounce.
However some analysts
were cautious on the market's trajectory, given higher volatility in silver and
a failure to reach similar dizzying heights as gold in 2024.
Spot silver was last up
2% at $33 per ounce, having hit its highest level since late October at $33.41.
The white metal scaled a more than 10-year peak of $34.87 per ounce on October
22.
"Silver's been a
laggard, and some would refer to it as the Cinderella metal, because it always
misses the ball. Having said that, silver has finally woken up and broken above
some key technical resistance," independent analyst Ross Norman said.
If current momentum
continued, silver could challenge the $35 level, he added.
After rising 21% in
2024, silver, both a precious and industrial metal, has gained 14% so far in
2025 supported by similar factors to gold - a jump in U.S. Comex futures prices
on concerns of a possible trade war sparked by proposed U.S. import tariffs.
The U.S. March silver contract was last up 3.3% at $33.79.
In recent weeks the
spread between Comex gold futures and London spot prices has widened
significantly, while the spot gold price hit a record $2,942.70 per ounce on
Tuesday.
Providing additional
support to silver, copper prices hit their highest in more than three months in
London on Friday.
The unusually high
premium between CME futures and London spot prices caused volatility in the
part of the market known as the exchange of futures for physical (EFP), used as
a hedge to general precious business activity, and attracted massive inflows to
the silver stocks in COMEX-approved warehouses.
CME silver stocks jumped
by 22% to 375.8 million ounces since November 24 when U.S. President Donald
Trump pledged steep tariffs on all products from Mexico and Canada. Trump
later delayed the
tariffs until March.
silver
CME gold
stocks had seen a sharper growth since November
partly because gold is flown around by plane and silver is usually transported
by sea or land.
"Elevated
EFPs continue to draw metal from London into the COMEX, with the threat of
tariffs inadvertently accelerating the drain on LBMA inventories towards
critical levels," TD Securities said.
The amount
of silver stored in the London vaults fell by 8.6% from December to 23,528 tons
in January, worth $23.9 billion, the London Bullion Market Association said
last week.
The monthly
decline was the largest since the LBMA records began in mid-2016.
VOLATILE
Despite some
bullish-looking factors, analysts noted the silver market's propensity to be
volatile - injecting a note of caution.
"Silver
has a long history of higher volatility than gold, and that when gold makes a decisive
move, silver's amplitude is usually 2.0-2.5 times that of gold," StoneX
analyst Rhona O'Connell said in a recent note.
Prices also
looked slightly vulnerable from a technical perspective.
"Last
year's range was $22-35; unusually wide. The previous year was $19-27 and that
range was made in the first handful of months," said Tai Wong, an
independent metals trader.
"It
feels disappointing because gold made 40 historic highs in 2024 and silver
0," he added.
About half
of silver usage comes from industrial use, which may be subject to headwinds if
a trade war has a chilling effect on global economic growth.
There may
be fewer rate cuts than
previously expected by the U.S. Federal Reserve and slowing growth in China,
said Hamad Hussain, assistant climate and commodities economist at Capital
Economics.
(As with any of these informative articles,
anyone who needs someone to talk to about
this
very subject contact me and I can direct you to a knowledgeable advisor).
No comments:
Post a Comment