Real or digital? Something in your hand or something conceptual? Some charts might help. Because you might prefer companies that dig up silver from the dirt………

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Real or digital? Something in your hand or something conceptual? Some charts might help. Because you might prefer companies that dig up silver from the dirt………

Many times starting in 2021, and reaching a fever pitch late in 2024, I wrote loving missives about gold, silver, and – – later – – palladium and platinum. It’s those two I’d like to highlight with this post, as they are both rallying mightily this morning. Below is the chart of palladium /PA over the past few years, with its exquisitely formed rounded bottom followed by a series of lurching, forceful rallies.

Originally, I was going to put this post together to highlight the fact that Big Round Numbers were coming up soon for silver ($100 per ounce) and gold ($5,000), both for the first time in history. After all, gold is blasting higher at this very moment:


There has not been much use writing about the precious metals rally lately because, why add to the noise? The time for making noise was back in the spring when the Gold/Silver ratio topped (Silver/Gold bottomed) and we prepared for a stronger rally in the precious metals, this time led by silver, and also including the wider “inflation trades”. Now we look ahead in a very different way.

Let’s start with the superstar of the rally. Silver has gone vertical and on Wednesday ticked our long-term target of 92. This was based on measurement of the giant, decades-long Cup as the silver price finally broke above the rim in the 50 area and well, boy did it break.
The fundamentals have been broadcast far and wide. These include increasing industrial use in many different areas, from Medical Equipment to Clean Energy (although the solar industry is now seeking to employ less expensive alternative materials).
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