Phil Carr
The Gold & Silver Club
The metal markets have starting 2022 on an extremely bullish note and that trend is unlikely to change anytime soon.
There are plenty of reasons why commodities are on the move from rapidly surging global inflation, tightening supply vs soaring demand, logistical bottlenecks to ever-growing supply chain issues – all combined with a very disruptive economic recovery from the pandemic that shows no signs of end in sight.
At the same time, the switch toward a greener world is creating fresh demand for metals such as Copper, Lithium, Nickel and Silver, which are all key to the green energy revolution.
Copper, Lithium and Nickel prices have surpassed decade highs in recent months, amid an ongoing energy crisis, global supply chain issues and booming demand from China in their aggressive drive to ensure blue skies for the Winter Olympics.
However, Silver has a habit of lagging behind the rest of the commodities complex for extended periods of time – but once it gets going, it really gets going.
With Silver prices currently trading near $23 an ounce – it’s one of the most undervalued metals on earth right now and presents the biggest upside potential. In my opinion, Silver is definitely the best trade right now and the one to watch in 2022.
Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:
Trading has large potential rewards, but also large potential risk and may not be suitable for all investors. The value of your investments and income may go down as well as up. You should not speculate with capital that you cannot afford to lose. Ensure you fully understand the risks and seek independent advice if necessary.
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Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.