{"id":14933,"date":"2025-06-22T09:54:35","date_gmt":"2025-06-22T09:54:35","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2025\/06\/22\/editors-picks-silver-price-hits-13-year-high-gold-takes-a-breather\/"},"modified":"2025-06-22T09:54:35","modified_gmt":"2025-06-22T09:54:35","slug":"editors-picks-silver-price-hits-13-year-high-gold-takes-a-breather","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2025\/06\/22\/editors-picks-silver-price-hits-13-year-high-gold-takes-a-breather\/","title":{"rendered":"Editor\u2019s Picks: Silver Price Hits 13 Year High, Gold Takes a Breather"},"content":{"rendered":"<\/p>\n

Gold was on the decline this week, closing just below US$3,370 per ounce, after tensions in the Middle East pushed it past the US$3,430 level toward the end of last week.<\/strong><\/p>\n

All eyes were on the US Federal Reserve, which in a widely expected move left interest rates unchanged on Wednesday (June 18) following its two day meeting. The central bank cut rates in December 2024, but has kept them steady for its last four gatherings.<\/p>\n

US President Donald Trump wasn\u2019t pleased, calling Powell \u2018too late\u2019 in a Thursday (June 19) post on Truth Social. While speculation that Trump will fire Powell has died down, the president did recently say he intends to announce his next pick for the Fed leader position \u2018very soon.\u2019<\/p>\n

Of course, Fed meetings are never just about rate decisions \u2014 experts often look to Powell\u2019s post-meeting commentary to read between the lines of what\u2019s said (and not said). <\/p>\n

Tariffs were definitely in focus this time around, with Powell emphasizing that it\u2019s still soon to tell how much of an impact they will have and how the Fed should react. <\/p>\n

\u2018We have to learn more about tariffs. I don\u2019t know what the right way for us to react will be. I think it\u2019s hard to know with any confidence how we should react until we see the size of the effects\u2019 \u2014 Jerome Powell, US Federal Reserve<\/p>\n

Chris Temple of the National Investor, who offered another perspective on Powell\u2019s comments. <\/p>\n

He noted that while Powell didn\u2019t say the Fed is going to abandon its 2 percent inflation target, it may be leaning in that direction. This is what he said:<\/p>\n

The consensus still \u2014 although it was extremely close \u2014 is barely still for two 25 basis point rate cuts in the balance of 2025. Whether we get them or not, who knows, (but) that\u2019s the current snapshot, which may well change. But that\u2019s against a backdrop of admitting for the second SEP, summary of economic projections \u2026 in a row that inflation is going to continue to move back higher \u2014 that we\u2019ve seen the best numbers for inflation \u2014 at the same time that GDP slows a bit. <\/p>\n

So okay, you just told us that your favored inflation number, which is a lot of smoke and mirrors to begin with, is going to go back up to north of 3 percent, which is what they said yesterday. And yet you still \u2014 the consensus is you\u2019re going to lower interest rates twice in 2025? So he did everything but come right out and admit that the 2 percent inflation target isn\u2019t going to be reached. <\/p>\n

Stay tuned to our YouTube channel for the full interview with Temple. <\/p>\n

\n

Bullet briefing \u2014 Silver hits 13 year high, SPUT raising US$200 million <\/h3>\n

Is silver\u2019s price rise real?<\/h4>\n

Gold has stolen the precious metals spotlight in 2025, but this month silver is shining.<\/p>\n

The white metal has been on the rise since the beginning of June, and this week it broke the US$37 per ounce mark for the first time in 13 years. <\/p>\n

While silver is known to lag behind gold before playing catch up, it\u2019s also known for its volatility. Its move has created excitement, but market participants are also wary of a correction.<\/p>\n

When asked what factors are driving silver, Peter Krauth of Silver Stock Investor he said he sees a \u2018perfect storm\u2019 emerging. Here\u2019s how he explained it:<\/p>\n

You\u2019ve got the macroeconomic picture that is I think certainly bullish for silver, like it is for gold and a lot of the other commodities. But I think at the same time you\u2019ve got the market kind of coming to terms with the fact that silver is in a deficit, (and) it\u2019s unlikely to be able to rectify that deficit for several years \u2014 in fact, the Silver Institute thinks we\u2019re going to see record deficits at some point over the next five years.<\/p>\n

And silver supply is unable to grow. We saw a peak 10 years ago in mined silver, and overall silver supply is essentially flat. <\/p>\n

So flat supply, growing demand \u2014 demand that\u2019s nearly 20 percent above supply \u2014 and our ability to meet those deficits is shrinking because we\u2019re tapping into these aboveground stockpiles that have shrunk by about 800 million ounces in the last four years, which is the equivalent of an entire year\u2019s mine supply. So it\u2019s the perfect storm, it\u2019s really all coming together. And I think that the market\u2019s realizing that. <\/p>\n

But does that necessarily mean silver is ready for a big breakout? Krauth has a target of US$40 by the end of 2025, but said silver could potentially go 10 percent above that.<\/p>\n

For his part, Jeffrey Christian of CPM Group attributes the silver price boost to increased demand from investors, especially when it comes to exchange-traded funds and wholesale products. <\/p>\n

He\u2019s projecting a bumpier path forward for the metal: <\/p>\n

You also have \u2014 the last time I looked it was like 490 million ounces of open interest in the July Comex futures contract. And that\u2019s two weeks from first delivery. So most of the people (who) have those shorts \u2013 those are hedges of their physical inventories. They keep those hedges in place, but they roll them forward. So they\u2019ll be buying back their Julys and selling September futures to keep that hedge in place with the next active futures contract. That buying back of the Julys could push silver prices higher. <\/p>\n

So if you really want to talk granular prices, we wouldn\u2019t be surprised to see the price of silver fall to US$33, US$34 an ounce, and go up to US$40 an ounce and then back to US$33 an ounce over the next four weeks.<\/p>\n

Click the links above to watch the interviews with Krauth and Christian. <\/p>\n

SPUT raising US$200 million<\/h4>\n

The uranium spot price made moves this week after the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) announced a US$100 million bought-deal financing on Monday (June 16).<\/p>\n

It was bumped up to US$200 million the same day due to strong demand.<\/p>\n

<\/span>Spot uranium has been in a consolidation phase since hitting triple-digit levels in early 2024, creating frustration among those who are waiting for the industry\u2019s strong long-term fundamentals to be better expressed. This week\u2019s move past US$75 per pound has helped reinvigorate investors. <\/p>\n<\/div>\n

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Gold was on the decline this week, closing just below US$3,370 per ounce, after tensions in the Middle East pushed it past the US$3,430 level toward the end of last week. All eyes were on the US Federal Reserve, which in a widely expected move left interest rates unchanged on Wednesday (June 18) following its […]<\/p>\n","protected":false},"author":0,"featured_media":14934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-14933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/14933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/comments?post=14933"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/14933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/14934"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=14933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=14933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=14933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}