Precious metals have made plenty of headlines in 2026 but ironically here we are in mid-March and silver is only marginally higher year-to-date, trading more than 35% below its panic January high. The silver market is fascinating here; fundamentals look good, but the market’s long, and from bad levels in many cases. The ideal technical set-up would be a washout spike down towards $US60 before reversing higher, generating an excellent risk/reward buying opportunity in the process.
Hi! have a question about gold and silver ETF’s. There is a lot of talk about paper gold and silver certificates far exceeding physical gold and silver. Also there seems to be a huge variation between Asian and western gold and silver prices. So how safe are the ETF’s. ETPMAG for example on their web site say it is backed by physical silver held at J P Morgan. Sounds safe. But then u hear that J P Morgan have issued far more certificates than they have in Physical silver?? Are these ETF’s more a trading tool rather than security for financial downturns? Keep up the good work Tom
Rate cut bets increased last week following the soft US CPI, pushing precious metals higher as would be expected. Silver is not for the fainthearted but after holding around $US70/oz we can see it anchoring onto rate cut hopes and pushing higher in the coming weeks – it’s a similar picture for gold.
After a record-breaking rally that looked to have gone too far, too fast, the metal has suffered a brutal reversal, plunging more than a third from its late-January all-time high after enduring its largest ever one-day collapse last week. Yesterday saw silver plunge over 16% in just over an hour when many Australians were enjoying lunch, blink and you missed it! The precious metal didn’t break last week’s panic low, but it’s a brave trader who bets against it at least testing below $US70 in the coming weeks.
Not an ETF per se, but after yesterday’s savage retreat by silver, we felt it warranted a mention. The ETPMAG is an ASX-listed commodity product that gives investors direct exposure to the spot price of silver, but it is structured differently from a typical ETF.
Silver managed to bounce more than 6% in yesterday’s session but it remains over 30% below last week’s panic high. Following the 41% correction by the precious metal, a period of calm is our preferred scenario which could easily last week’s/months after the intense volatility of recent sessions.
Volatility has been extreme in precious metals of late, but in the bigger picture, we can see deficits and declining inventories suggesting silver is now increasingly vulnerable to periods of strong investment demand, which in turn could lead to further bouts of liquidity tightness. S32 is exposed to silver through its 100% interest in the Cannington mine in QLD, which produces silver, zinc and lead, and is one of the top 10 silver mines globally.
There are some mind-boggling targets being tossed around for the likes of gold, silver, aluminium, copper, platinum, palladium – you name it. Let’s just stick with gold and silver. Would you like to offer your own realistic medium-term (12-24 months) targets for these precious metals? Of course, the reason for the question being: should I keep averaging up at these elevated valuations? Thank you once again, gents.
Gold experienced a rollercoaster ride overnight, surging well over $US100 as the US Dollar weakened before surrendering over 70% of the gains. Similarly, silver surged the most since 2008, as gold roared past $US5,000/oz for the first time, extending a precious metals rally fuelled by US President Donald Trump’s reshaping of international relations and investor flight from sovereign bonds and currencies.
