On Tuesday (March 28), gold futures closed 1.01% higher at $1,973.50/ounce, with silver futures up 1.19% to close at $23.42/ounce and palladium futures up 0.8% to settle at $1,414.70/ounce. Platinum futures, however, were down 1.08% at $971.90/ounce. Gold futures benefited from a weak dollar, with the greenback down 0.41% to 102.4281 overnight, making gold contracts …
Gold and silver prices surged on Monday, with gold reaching a 12-month high of $2,014.90 and silver hitting a six-week high of $22.50. The sharp increase in demand for these safe-haven metals is a result of the current instability in the global marketplace, particularly due to the ongoing banking crisis in the United States and …
The Silver Institute has published the demand outlook for 2022. According to this, 2022 is expected to be a new record year, as global silver demand is set to rise to 1.112 billion ounces. The increase is expected to be driven by industrial demand, which is expected to rise by 5%. Many countries, including the …
Metals used for green technologies have been rising sharply again in recent years. Lithium, nickel, tin, silver, copper, cobalt, or manganese are facing an ever-increasing demand. Political decision-makers see the focus for the future all together on the development of green technologies, be it electric vehicles, energy production up to energy-saving housing. Especially in the …
According to the Silver Institute, the physical silver investment could rise by double digits this year. The reasons for this are the macroeconomic uncertainties and increased inflationary pressure. This is expected to drive investors into silver as a safe haven to protect their prosperity. In addition, the demand for silver in India is expected to …
Physical Silver Investment Could Rise in Double Digits in 2022 Read More »
Gold futures closed at an eight-month high on Wednesday (Feb. 16), driven by investors buying gold as a safe haven. The North Atlantic Treaty Organization (NATO) confirmed that Russia continues to strengthen its military along the Ukrainian border. The gold futures were up $15.3, or 0.82%, at $1,871.5 an ounce. Silver futures were up 26.3 …
Gold Closes Over $15 Higher on Returning Worries Read More »
Gold futures closed lower on Tuesday (Feb. 15) as investors softened their concerns about tensions between Russia and Ukraine. News that Russia has ordered the withdrawal of some troops from its border areas with Ukraine may provide some de-escalation. The gold contract was down $13.2, or 0.71%, at $1,856.2 per ounce. Silver was down 50.6 …
Gold Closes Down $13 as the Situation in Ukraine is Easing Read More »
Lithium is getting harder and harder to find, but silver could be the solution. The element lithium belongs to the alkali metals and has the abbreviation Li. Many know the metal by now because it is an essential component in battery technology, especially for electric vehicles. In 2020, about 70% of the lithium mined was …
Silver Could Be the Solution to the Lithium Problem Read More »
Hydrogen is seen as the fuel of the future because hydrogen does not produce CO2 during combustion, but water as a byproduct. Moreover, for some time now, the first vehicles such as buses or passenger cars have been using hydrogen as a fuel. In addition, there is another point of contention on which the experts …
As you should have noticed by now, inflation has become part of our daily lives. When driving to the gas station or going to the supermarket, prices for essentials like gasoline (+42%) or beef (+15%) have skyrocketed. If you are not worried about inflation, you should inform yourself as soon as possible, because the purchasing …