Silver Breaks Out as Industrial Demand Meets Safe-Haven Bid
Silver outpaced gold this month, propelled by tight supply, solar-driven industrial demand, and a falling gold-to-silver ratio.
Official-sector demand stayed robust as reserve managers continued to diversify away from the dollar, underpinning bullion near record highs.
Senior markets reporter with a focus on crypto and DeFi.
Reserve managers added meaningfully to gold holdings again last quarter, sustaining a multi-year accumulation trend.
Persistent official buying provides a structural floor under prices, even when speculative flows wobble.
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Silver outpaced gold this month, propelled by tight supply, solar-driven industrial demand, and a falling gold-to-silver ratio.
Goldman Sachs, JPMorgan, and Citigroup have all raised their gold price forecasts, with the most bullish calls targeting $3,000 per ounce within the next 12 months.
Gold prices surged to an all-time high above $2,400 per ounce, driven by unprecedented central bank purchases and growing geopolitical uncertainty.