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OPEC+ Can Control Production Targets. It Cannot Guarantee Oil Deliveries
Oil prices are falling on hopes of peace, but the physical supply problem hasn’t disappeared. On November 1, seven OPEC+ producers agreed to leave December production targets unchanged. A day later, oil prices fell sharply…
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Another Silver Market Paradox: Prices Plunged, but SLV Added Another 3.34 Million Ounces
While silver prices plunged on Friday, October 30, one of the world’s largest silver investment funds, iShares Silver Trust (SLV), significantly increased its physical silver holdings. According to reported holdings data, the trust held 503.022…
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Silver Below $50, Gold Below $4,000. Coincidence or Deliberate Market Manipulation?
Our prediction has come true. Gold below $4,000 and silver below $50. Both on the final trading day of the month. Such precise timing raises serious questions about whether this was simply an ordinary market…
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More Ounces Left Perth Mint. Who Bought Them?
Falling prices can make a physical investor start counting how many more ounces the same budget will buy. Perth Mint’s September sales rebound is consistent with that opportunity attracting buyers, although the figures leave one…
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Gold and Silver Keep Falling. How Much Relief Did They Actually Get?
Watching precious metals lately, it can feel as though every headline comes with a sell button attached. Wednesday’s Fed decision brought no rate increase. Early Thursday, Reuters reported that the probability of a December hike…
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The Fed Voted 10–2 to Hold Rates. Markets Still Expected a December Hike
The Federal Reserve left interest rates unchanged at 3.75–4.00% on October 28. But the decision was not unanimous. According to the official Fed statement, ten policymakers voted to hold rates, while Lisa Cook and Beth…
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What One Percentage Point of China’s Reserves Means for Gold
China already holds so much gold that another purchase can look like a small addition. The size of its reserve portfolio gives those purchases a different dimension. According to the World Gold Council, China held…
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Silver Moves Closer to Neutral. Long Positions Still Grew
Funds have become less bullish on silver. That does not mean they reduced their bets on rising prices last week. According to the CFTC’s futures-only report, Managed Money held 16,180 long contracts against 12,675 shorts…
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Thursday’s Inflation Numbers Need Labels
The Fed decides on Wednesday. Its preferred inflation measure and a fresh GDP estimate arrive on Thursday. The calendar clearly has a sense of timing. For gold and silver, the press conference will leave another…
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Gold Faces Two Inflation Clocks This Week
Thursday’s PCE report will describe September. Oil prices will be trading October’s risks. That gap could complicate the message gold takes from this week’s Fed meeting. The Federal Reserve meets on October 27–28, with its…
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India’s Silver Buyers Could Get Price Relief Twice
Lower silver prices could give Indian buyers more metal for the same budget. Easier access to imports could improve that purchasing power further by reducing the extra cost of obtaining silver locally. India has authorised…
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Silver Above $90—with a Market Surplus?
Metals Focus expects silver to return above $90 an ounce in the fourth quarter of 2027. The same forecast puts the physical market in a 37.3-million-ounce surplus next year. Those projections can coexist. But they…
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Silver Premiums in China and India Remain Well Above Global Spot
Silver continues to trade at prices significantly above global spot in China and India. Even the recent decline in precious metals prices has not eliminated these reported price differences. Our Gold & Silver Price Tracker…
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Royal Mint’s 29% New-Buyer Figure May Be More Revealing Than Its Record Sales
The Royal Mint has reported extraordinary growth in physical precious metals sales. But one figure deserves particular attention: 29% of customers buying precious metals in the third quarter were new to its investment offering. According…
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A Bearish Investor May Still Have Plenty to Sell
The mood around gold and silver feels deeply negative. But there is a difference between investors fearing another decline and investors having already reduced their exposure. Someone can expect lower prices while still holding a…
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Gold Has Competition for the Inflation Trade
We opened the charts this morning to find gold and silver falling again. The explanation: higher oil prices, inflation concerns and fears of tighter monetary policy. So, essentially, the same problems that brought many investors…
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The Fed Hasn’t Met Yet. The Market Has Already Written Its Conclusions
The next Fed meeting takes place on October 27–28. Precious metals have decided to get their worrying done early. Rising oil prices are feeding inflation concerns and prompting investors to reassess the interest-rate outlook. Reuters…
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Gold and silver are stabilizing, but a turnaround remains unconfirmed
Gold is trading near $4,137, while silver is hovering around $57.27. The technical picture remains cautious. Gold’s indicators still lean bearish, with its RSI near 32. Silver looks slightly stronger, but an RSI around 46…
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AI’s Power Boom Could Take Very Different Paths for Silver
Data centres could nearly triple their electricity consumption by 2035. But that doesn’t mean their silver demand will triple. The International Energy Agency projected global data-centre electricity consumption rising from approximately 415 TWh in 2024…
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Digital Gold Needs Redemption That Works for Small Investors
Gold has spent thousands of years without a software update. Its digital future may depend on something equally old-fashioned: being able to collect the metal. A World Gold Council and Boston Consulting Group report, published…
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Tracing the Gold—and Where Its Premium Goes
When a buyer pays extra to support small-scale miners, the destination of that money becomes part of the product’s value. Argor-Heraeus’ Small Craft gold line connects bullion purchases with that objective. Launched in May 2025,…