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Metals Market Commentaries
Silver faces fifth annual supply deficit as industrial demand slumps but investment surges (Nov 17, 2025)
Source: Kitco
Silver is projected to face its fifth consecutive annual supply deficit in 2025, driven by persistent production ...Full Story

The Debasement Trade Broadens Across Precious Metals (Nov 6, 2025)
Source: Sprott
In October, gold closed above $4,000 and silver hit record highs amid growing strategic demand, signaling ...Full Story

Copper and Silver Join Revamped US List of Critical Minerals (Nov 6, 2025)
Source: Bloomberg
The Trump administration has officially added copper and coal to the U.S. list of critical minerals, citing ...Full Story

Platinum and Palladium Are on the Move (Oct 21, 2025)
Source: Sprott
Platinum and palladium prices have surged due to persistent supply deficits. Demand from catalytic converters and ...Full Story

Dips: The Rx for Acrophobia (Oct 8, 2025)
Source: Sprott
With gold and silver reaching new all-time highs, we believe there is still opportunity in both the physical and ...Full Story

Gold Leads as Faith in Fiat Falters (Oct 7, 2025)
Source: Sprott
Gold surged to record highs as fading confidence in fiscal and monetary policy drove investors toward hard ...Full Story

Gold blazes past $3,800 on record run as silver nears fresh peak (Oct 1, 2025)
Source: Reuters
Gold prices surged past $3,900 per ounce, reaching a record high as investors sought safe- haven assets ...Full Story

Gold hits fresh all-time high as U.S. government shutdown dents risk appetite (Oct 1, 2025)
Source: CNBC
Gold prices surged to record highs as the U.S. government entered its first shutdown in nearly seven years, fueling ...Full Story

Gold scales record high as markets brace for further rate cuts (Sep 22, 2025)
Source: Reuters
Gold prices remained near record highs (over $3700) on September 22, 2025, as investors awaited signals from ...Full Story

Challenges to Fed Autonomy Strengthen Case for Gold (Sep 5, 2025)
Source: Sprott
Gold has topped another all-time high above $3,600 per ounce, while silver has reached $41, its highest level ...Full Story

Gold climbs to record high of over $3,500 on bets of US rate cuts, economic risks (Sep 2, 2025)
Source: Reuters
Gold prices surged to a record high above $3,500 per ounce as investors bet on upcoming U.S. interest rate ...Full Story

Silver price tops $40 for first time since 2011 (Sep 1, 2025)
Source: Mining.com
Silver prices soared above $40 per ounce for the first time since 2011, driven by expectations of U.S. ...Full Story

A Cure for Financial Dementia (Aug 14, 2025)
Source: Sprott
John Hathaway, Senior Portfolio Manager: In our view, market euphoria and collective amnesia have left ...Full Story

Gold Miners Shine in 2025 (Aug 6, 2025)
Source: Sprott
Shree Kargutkar, Sprott Senior Portfolio Manager: Gold and silver are up over 25% in 2025 , with mining stocks ...Full Story

Gold extends gains on US rate cut expectations (Aug 4, 2025)
Source: Reuters
Gold prices surged for a third consecutive session as weak U.S. employment data and rising inflation ...Full Story

Gold prices are soaring again. Here’s why a new record could be right around the corner (Aug 4, 2025)
Source: MarketWatch
Gold prices are surging toward potential record highs, fueled by expectations of Federal Reserve rate ...Full Story

Silver Investment Outlook Mid-Year 2025 (Jul 21, 2025)
Source: Sprott
Silver gained nearly 25% through mid-year, and continues to rise in July, as supply remains tight and ...Full Story

Silver Might Be Benefiting From Russian Central Bank Buying (Jul 15, 2025)
Source: Forbes
Russia’s central bank may be quietly accumulating silver, contributing to the metal’s 14-year price high ...Full Story

Central banks are increasingly buying gold from local mines as prices surge (Jul 15, 2025)
Source: CNBC
Central banks around the world are increasingly purchasing gold directly from domestic mines to cut ...Full Story

Gold and Silver Bull Run Continues (Jul 7, 2025)
Source: Sprott
Paul Wong, CFA, Market Strategist: Gold and silver have been strong performers in 2025, with both metals up over ...Full Story

Gold Is Near an All-Time High-Here’s How Much a Costco Bar Bought a Year Ago Is Worth Today (Jun 17, 2025)
Source: CNBC
A 1-ounce gold bar purchased at Costco in June 2024 for $2,399.99 would be worth about $3,390 today ...Full Story

Gold Gains Ground as Faith in the Dollar Erodes (Jun 5, 2025)
Source: Sprott
Paul Wong, CFA, Market Strategist: Gold continues its rally as fading confidence in U.S. fiscal policy and the ...Full Story

Has silver's price also been rising? What experts say to know now (Jun 2, 2025)
Source: CBS News
Silver prices have risen 25% over the past year, currently sitting at around $33 per ounce, with analysts predicting ...Full Story

A Shaky U.S. Dollar Boosts Gold’s Role as an Alternative Reserve Asset (May 8, 2025)
Source: Sprott
Paul Wong, CFA, Market Strategist: Gold is gaining prominence as a reserve asset due to a weak U.S. dollar and declining U.S. financials ...Full Story

Gold drops over 1% on Powell's cautious views, easing trade tensions (May 7, 2025)
Source: Reuters
Gold prices declined as optimism surrounding upcoming U.S.-China trade talks reduced demand for safe-haven ...Full Story

China Keeps Adding Gold to Reserves as Challenges Stack Up (May 7, 2025)
Source: Yahoo Finance
China has been steadily increasing its gold reserves for six consecutive months, with the People's Bank ...Full Story

Metals Mining Resources

Global Top 100 companies - by market capitalisation May 2025
Source: pwc

2025 Precious Metals Forecast survey
Source: LBMA

Global Top 100 companies - by market capitalisation April 2024
Source: pwc

2024 Precious Metals Forecast survey
Source: LBMA

LBMA Annual Report 2024
Source: LBMA

Global Top 100 companies - by market capitalisation May 2023
Source: pwc.com

2023 Precious Metals Forecast survey (LBMA)

LBMA Annual Report 2023
Source: LBMA

LBMA Annual Report 2022
Source: LBMA

Global Top 100 companies by market capitalisation 2022
Source: pwc.com

2022 Precious Metals Forecast survey
Source: LBMA

LBMA Annual Report 2021
Source: LBMA

LBMA Annual Review 2020
Source: LBMA

Mine 2021 - Great expectations, seizing tomorrow
Source: pwc.com

2021 Precious Metals Forecast survey
Source:LBMA

Gold and copper price survey : Navigating COVID-19 and beyond December 2020
Source: pwc.com

2020 Precious Metals Forecast survey
Source: LBMA

Global Top 100 companies by market capitalisation 2021
Source: pwc.com

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