Supercykl Råvaror, Silver och Nya Rekord: Ökande Geopolitisk Risk
Silver, often referred to as the "poorer cousin of gold," is gaining value, reaching the highest levels in over a decade. Following in the footsteps of gold, which set a new all-time record, silver has also followed suit, with its price surpassing the crucial level of $30 per ounce.Record PricesOn Monday at 9:25, the most active series of gold futures contracts was trading at $2442.90 per troy ounce. Earlier in the morning, a new nominal record was set, now standing at $2,454/oz. Year-to-date, dollar prices for gold have increased by nearly 18%.Silver Follows GoldSilver prices also followed in the footsteps of gold. The white metal had not been able to break the $30 per ounce level for the past 4 years. This strong technical resistance was broken on Friday afternoon. By Monday morning, silver prices had soared to $32.64/oz., reaching the highest values since December 2012.Perspectives for SilverFrom a technical analysis standpoint, this upward breakout is a strong buy signal. The potential range for such a move is $50 per ounce. This level is the nominal all-time record from April 2011 and January 1980. Some analysts believe that this is just the beginning of a bull market for silver.Commodity SupercycleThe start of a commodity supercycle could have a significant impact on commodity prices, including silver. A supercycle is a multi-year period of commodity price growth and decline. Over the past 227 years, there have been six commodity price peaks, with the most recent one occurring in June 2008. From 2020 onwards, we have likely started another growth phase that will probably last until the end of this decade.The transition to clean energy sources and electric vehicles could accelerate the demand for key commodities, including silver. Silver is a crucial component in the production of solar panels, which could increase its demand as the energy transition progresses.Geopolitical RiskHowever, the world must also confront the rising geopolitical tensions and the possibility of certain countries, such as Russia, being cut off from energy resources, metals, or grains. This is a factor that was not previously taken into account when the debate on a new supercycle began after March 2020.The movement in silver is also part of the emerging bull market in commodity markets. Copper has been rising strongly since the beginning of spring, reaching new all-time nominal records. For the past month, we have also seen strong increases in grain markets, which have experienced a strong bear market over the last two years.
Silver, often referred to as the "poorer cousin of gold," is gaining value, reaching the highest levels in over a decade. Following in the footsteps of gold, which set a new all-time record, silver has also followed suit, with its price surpassing the crucial level of $30 per ounce.Record PricesOn Monday at 9:25, the most active series of gold futures contracts was trading at $2442.90 per troy ounce. Earlier in the morning, a new nominal record was set, now standing at $2,454/oz. Year-to-date, dollar prices for gold have increased by nearly 18%.Silver Follows GoldSilver prices also followed in the footsteps of gold. The white metal had not been able to break the $30 per ounce level for the past 4 years. This strong technical resistance was broken on Friday afternoon. By Monday morning, silver prices had soared to $32.64/oz., reaching the highest values since December 2012.Perspectives for SilverFrom a technical analysis standpoint, this upward breakout is a strong buy signal. The potential range for such a move is $50 per ounce. This level is the nominal all-time record from April 2011 and January 1980. Some analysts believe that this is just the beginning of a bull market for silver.Commodity SupercycleThe start of a commodity supercycle could have a significant impact on commodity prices, including silver. A supercycle is a multi-year period of commodity price growth and decline. Over the past 227 years, there have been six commodity price peaks, with the most recent one occurring in June 2008. From 2020 onwards, we have likely started another growth phase that will probably last until the end of this decade.The transition to clean energy sources and electric vehicles could accelerate the demand for key commodities, including silver. Silver is a crucial component in the production of solar panels, which could increase its demand as the energy transition progresses.Geopolitical RiskHowever, the world must also confront the rising geopolitical tensions and the possibility of certain countries, such as Russia, being cut off from energy resources, metals, or grains. This is a factor that was not previously taken into account when the debate on a new supercycle began after March 2020.The movement in silver is also part of the emerging bull market in commodity markets. Copper has been rising strongly since the beginning of spring, reaching new all-time nominal records. For the past month, we have also seen strong increases in grain markets, which have experienced a strong bear market over the last two years.
usersUpvoted
answersCount