From Record Gold & Silver Highs to Rising Demand: The Bull Case for Precious Metals
- The spot silver price closed at $42.11 oz bid while the spot gold price ended trading at $3,642 oz bid price.
- Silver is drawing attention for its potential to outperform gold in percentage gains during this cycle, with short-term targets of $45–$50/oz and some forecasts even higher.
-
Gold, silver, and platinum have all been climbing, with gold breaking past its old resistance and silver setting new records in multiple currencies.
-
Silver demand is being supercharged by industrial uses like solar panels, EVs, and data centers, raising concerns about potential shortages by 2030.
-
Central banks, especially in Asia, continue to buy gold aggressively as part of a long-term trend of de-dollarization.
-
Analysts now forecast gold targets ranging from $3,850 to as high as $12,000 by 2032, signaling that the bull market may just be getting started.
-
Physical buying is strong worldwide—Costco in the U.S. even sells out of 1 oz gold bars, while buyers in Dubai, India, and China continue to accumulate.
-
Platinum, often overlooked, is gaining traction due to limited supply from South Africa and new demand trends in China, including jewelry and hydrogen infrastructure.
-
India remains a key player in silver demand, not just for investment but also for jewelry, artifacts, and utensils, especially during festival seasons.
-
Experts highlight that silver is now in its fifth consecutive year of supply deficit, with no major new mining projects in the pipeline to close the gap.
-
Both gold and silver are described as having “a lot more room to run,” offering investors and savers alike a way to protect wealth in a world of high debt, weak currencies, and rising geopolitical risks.
Record-breaking prices, soaring demand from technology and central banks, and looming silver shortages are fueling the next big wave in precious metals.
The nominal fiat gain numbers speak for themselves. Gold, Silver, and Platinum have all been performing well especially since gold busted out of its old $2,000 oz resistance just under a couple years ago.
Seen through the eyes of gold around the world, the story is almost the same.
Up and to the right also for Silver nearly everywhere we look.
Platinum has not been left behind this year either.
As I suggested last week, the nominal fiat Canadian dollar spot price per troy ounce of silver is breaking north and closed this week at a new all time nominal record price high.
The better news is the laggard fiat Swiss franc indicator is still flashing a coming nominal price doubling in time.
That is not stopping noted physical precious metals whales from taking to Twitter X and beating the drum on hard savings that are climbing in nominal price points of late.
The physical fundamentals for silver especially in solar and investment to come is looking many systems go time.
New research from Europe shows just how much silver could be needed by the PV solar panel industry by 2030, and they have found that silver shortages may become more frequent. "The research quantifies the scale of the challenge and shows that it is an issue the industry will have to address without delay."
Good luck, we need higher silver spot prices to come.
News out of Bloomberg this week illustrating London's silver inventories are again tight with high lease rates locally.
Speculations over the underlying mechanics in the silver market remains high of course. Nothing new there, same old near-opaque silver market.
We're going to do a whirlwind tour around both Western and Eastern market coverages on the ongoing bullion bull market.
We begin with stonk cheerleaders typically found on CNBC in the USA.
China is looking to simplify procedures for cross border trading in gold. Reducing paperworks, and speeding up imports.
The PBOC continues adding to it Official Under-declared Gold Bullion Reserves.
While investment demand for low margin gold bullion bars and gold coins remains strong.
The move to ease gold importation permit rules will "enhance vitality and respond to external shocks by improving business environments at ports" in China.
Turning now to Indian silver market news this week.
Manisha Gupta is here to help.
On the other side of this short break, more silver news as London's Metals Focus' Managing Director Philip Newman was in India this week at CNBC-TV18.
You will not want to miss hearing his scorching hot silver takes on the other side of this short intro and week's price action wrap.
Both silver and gold traded higher on the week.
The spot silver price closed at $42.11 oz bid while the spot gold price ended trading at $3,642 oz bid price.
The spot gold silver ratio turned down to end the week at a still stubbornly high level of 86.
Back to close out with another clip from India's Manisha Gupta this week as she hosted both silver industry leaders from the Silver Institute and Metals Focus.
All clips and article links will be back-linked in the show notes below if you want to take a deeper day beyond these highlights.
Let's get into it.
That will be all for this week's SD Bullion Market Update.
REFERENCES:
- Gold Will Soon Scale $3,850 & Then $4,000 oz: Peter McGuire | CNBC TV18
- How Gold Could Soar Amid Fed Cuts and Global Debt? | CNBC TV18
- Jan van Eck appeared on CNBC today to discuss how central banks now hold more gold than Treasuries.
- BofA's Lawson Winder: U.S. budget and trade deficits are fueling Western gold demand
- Strong Retail Physical Demand Supports Gold And Silver Prices: GJC
- Silver Rally Continues As US Fed Cut Hopes & Weak Dollar Push Prices To 14-Year High | CNBC TV18
- Silver Borrowing Costs Surge on Tariff-Driven Supply Jitters
- Understanding the Persistent Supply Deficit in the Silver Market
- PV industry could account for 40% of global silver demand by 2030
- www.GoldChartsRUs.com
