Silver may finally step out of gold’s shadow and embark on a sustained bull market of its own.
Silver imports into India rose sharply last month, hitting the highest January level since Metals Focus began tracking the data in 2008.
The CME Group warehouse has reported 403.2 million ounces as of February 27 – a record high amount of silver stored, reports Bloomberg.
Spot silver gained 27% in 2024. The white metal benefited mostly from physical buying in India and China. Silver ETFs have also been a factor.
Gold appears to be correcting its recent run-up to over $2,900. Gold has failed to take out $3,000, with a high thus far of $2,974.
The growing supply deficit, combined with increasing demand from the tech sector, could push silver prices far beyond previous highs.
Silver has quietly had a strong start to 2025, with the price up 12.6 percent.
Copper prices have broken out and are rising. This is a sign of inflationary pressures. Copper is also a leading indicator for gold.
As the data is concerned, don't fall into the 'gold trap' and remember the evidence shows Uncle Sam believes in spending his money in a ratio of four times the silver to gold.
