Silver is still being massively used and gold is projected to be 10k by 2030.
Gold and silver have spent months correcting from their January highs, testing the conviction of investors and shaking out speculative positions.
Today we examine why several experienced market analysts believe this correction has improved—not weakened—the long-term outlook for precious metals.
One of the biggest structural drivers is industrial demand for silver. Data centres alone are projected to consume around 350 million ounces of silver annually, representing a substantial share of global mine production. Because much of this demand is linked to government-backed spending on digital infrastructure, defence and electricity grids, it may prove relatively insensitive to price.
We also review the outlook from Gareth Soloway, whose analysis anticipated much of the recent correction and who continues to see substantially higher long-term gold prices once the speculative excess has been removed.
Finally, we compare this technical perspective with Andy Schectman's assessment of the underlying fundamentals driving the precious metals market.
