Commodities: Silver
There’s little more to add to the silver story beyond what we’ve covered for gold, but silver also has significant industrial applications. Roughly half of global silver production is held as a store of value, similar to gold, while the other half is used in essential industries such as electronics, solar panels, electric vehicles, and medical applications, thanks to its exceptional conductivity, reflectivity, and antibacterial properties.
Precious metals were interesting and volatile overnight but they surprisingly fell as the initial news crossed the wires about China’s trade threats – usually, such action would have led to a rally.
Last week saw spot silver prices jump to their highest level in decades as surging demand for safe-haven assets exacerbated supply constraints in the London bullion market.
How do these performances compare over the last 1-2 years?
If its not too big an ask what are the relative performance comparisons
between the commodity & miners for copper, gold & silver
& comparing all 3?
Is there a superior commodity when comparing all 3?
The vehicle that many international players use to invest in silver is the SIL ETF, which aims to track the Solactive Global Silver Miners Index, and it’s done a great job over recent years: over the last 12-months, the index has surged +110% while the ETF has gained +108.7%.
Silver has trodden a similar but less discussed path to gold through 2025: year-to-date silver has advanced +62% trumping golds +47%. Both precious metals have advanced strongly over the last 3 years, with the silver market experiencing unprecedented pressure from both sides of the supply and surging demand.
Precious metals were strong yesterday after another post from President Trump on Truth Social claiming US prices are “WAY DOWN” with virtually no inflation. It wasn’t fresh rhetoric from left field from the ultra-dovish President who wants interest rates lower.
