Precious Metals started the week on a stronger note, led by ECB President Lagarde, who expressed a firm stance on fighting inflation and will continue with a series of additional interest rate hikes. Her hawkish tone lifted the Euro Currency and pressured the U.S. Dollar. It was the middle of the week when Precious Metals came under pressure.
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While a price setback would be temporary, our long-term thesis remains that tightness in the physical markets, a decline in mining supply, and solar and E.V. demand should offset any potential for prices to decline further. Over the next 18-24 months, we expect Copper to make new all-time highs and Silver to break $35/oz.
Having the flexibility to enter and exit the market quickly makes it essential for Precious Metals investors to have a futures trading account alongside their core Physical Precious Metals holdings.