Rising silver inventories and declining industrial demand could trigger a supply glut as soon as next year, Deutsche Bank says in a new report. Spot prices for silver could average $70 per oz. by the second quarter of 2027, remaining below levels reached in the first half of 2026, Deutsche Bank metals analyst Daniel Ghali said in a report Friday. …
Continue ReadingIf you only looked at the price of gold in September, you’d be forgiven for believing the bull market had run out of steam. The yellow metal fell 6.3% during the month, and some in the financial press were quick to say it had failed as a safe haven. I’ve spent my entire professional life in gold and gold mining …
Continue ReadingCOMEX-approved warehouses now hold roughly 700,000 short tons of copper, according to CME Group’s latest metals update. At the same time, benchmark copper remains near historic highs, creating an unusual combination of record inventories and expensive metal. September made the contradiction even sharper. Copper briefly moved toward $6.90 per pound before retreating toward $6.70 after reports that prospective U.S. tariff …
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