Latest news with #preciousMetals
Wall Street Journal
15 hours ago
- Business
- Wall Street Journal
Surging Silver Prices Prompt Americans to Empty Jewelry Boxes and Coin Jars
Gold gets all the glory, but silver prices have surged nearly as much this year, up 27% to the highest levels in more than a decade. As with gold, jittery investors are scooping up the precious metal, but silver prices are getting an extra jolt from strong industrial demand, especially from solar-panel makers.
CTV News
a day ago
- Business
- CTV News
Price of gold could drop to US$2,500: commodities expert
Sorry, we're having trouble with this video. Please try again later. [5006/404] Gold's rally may be over, according to a commodities expert who predicts prices to drop substantially late next year to well under US$3,000 an ounce. Max Layton, global commodities head at CITI Research, predicts gold will trade at about $2,500 to $2,700 in the second half of next year, down about $900 or so less than where it is today. 'Our call is very much a 2026 bearish gold call,' Layton told BNN Bloomberg in a Thursday interview. 'Near term, we have it averaging around $3,200 in the third quarter and $3,000 in the fourth quarter.' Gold reached $3,382.40 per ounce Thursday and is up by more than 70 per cent over the past two years. Layton said CITI had been bullish on gold for the last couple of years as investors flocked to the precious metal. He said people are buying gold to hedge against a downside risks to their household wealth over fears of slowing economic growth and global uncertainty. 'The move from $2,600 to $3,300 this year has been all about investors buying bars and coins, particularly bars because they're hedging against a downside in U.S. and global growth, as well as a downside in equities related to that downside in U.S. and global growth, which has come about because of the combination of still extremely high interest rates in the U.S. by historical standards, and the tariffs.' He however expects a drop in prices due to weakening investment demand, anticipated U.S. interest rate cuts and improved economic prospects. 'We're getting close to this One Big Beautiful Bill Act passing Congress,' said Layton. 'We think that is going to mark a shift in sentiment towards U.S. growth and basically a slight reduction, or even a moderate reduction, or even possibly by the end of next year, heading into the mid terms with lower interest rates as well.' The bill has a section citing 'remedies against unfair foreign taxes.' It is expected to hit Canadians and international investors with a higher tax on dividends they received from U.S.-based investments, placing more money in American coffers to evidentially lead to growth in the U.S.' This bill, the passing of it being net stimulatory for the U.S. economy, is going to reduce fears about growth and lead to a bit more positivity and a little less investment buying of gold,' said Layton. 'With that, you basically unwind the primary driver of the last $700 move in the old price higher from $2,600 to $3,300.' While CITI paints a bleak picture for gold prices, major financial institutions such as Goldman Sachs project prices to rise to $3,700 by late 2025 and $4,000 by mid-2006 thanks to robust central bank buying. Bank of America as well predicts prices to rise to $4,000 within 2026.
Times
a day ago
- Business
- Times
Should I buy shares in Fresnillo right now?
An unpredictable president in the White House, a ballooning federal deficit and a weakening US dollar, all amid a growing conflict in the Middle East. While arguably not desirable conditions in a general investment sense, such factors have done wonders for the price of precious metals this year and gold in particular. Since the start of the year, the gold price has marched steadily upward and by late April, it topped $3,500 per ounce for the first time. Analysts generally think gold has considerable room to go even higher. In May, JP Morgan forecast that prices could rise to as high as $6,000 per ounce by the end of President Trump's term in 2029, a roughly 77 per cent increase on current levels. Earlier this month, the Royal Bank of Canada upgraded its long-term gold forecast by 12 per cent to $3,489 per ounce. While admittedly not matching JPMorgan's bullishness, RBC's forecast would mean gold prices touching near-record levels.
Globe and Mail
2 days ago
- Business
- Globe and Mail
Execution Over Exploration: The New Standard in Junior Mining
Magma Silver's strengthened board and recent financing suggest a fast-tracked exploration phase is ahead A shifting market narrative is forcing junior miners to prove scalability and execution, not just geology Peers like Barrick Gold, Silver X Mining, and Aftermath Silver highlight the strategic need for diversified growth and jurisdictional stability Capitalizing on Shifting Priorities in Precious Metals In a market once dominated by drill results and blue-sky potential, today's investors are demanding something more tangible: execution, scalability, and a clear path to near-term value creation. The junior mining sector, particularly in the gold-silver space, is undergoing a subtle but important pivot from pure exploration to project advancement, de-risking, and credible leadership. Against this backdrop, companies like Magma Silver Corp. (TSX-Venture: MGMA) (OTCQB:MAGMF) are beginning to separate from the noise. Fresh off a fully subscribed private placement and a corporate rebranding, Magma Silver is sharpening its strategic focus on project execution, capital efficiency, and leadership depth. Its Niñobamba Project in Peru offers not only substantial geological potential but a compelling narrative around disciplined growth, something increasingly rare in early-stage explorers. A Leadership Signal: Strategic Capital and Veteran Insight The company's recent fully subscribed $1.5 million private placement speaks volumes about market appetite for well-structured early-stage opportunities. The proceeds are earmarked for advancing the Niñobamba Project, with drilling expected in Q3 2025. Furthermore, the appointment of Michael Townsend to the board marks a notable shift in governance maturity. Townsend, a seasoned financier and founding partner of Altus Capital Partners, has a track record of raising over $180 million in equity across resource and tech sectors. His appointment underscores the company's intent to combine exploration success with capital markets precision. The move mirrors recent strategic regional moves seen in more advanced peers like Aftermath Silver Ltd. (TSX-Venture: AAG) (OTCQX: AAGFF), which is actively developing two South American projects: the Berenguela silver-copper-manganese project in Peru and the Challacollo silver project in Chile. This focused strategy allows the company to advance development-stage assets with a clear path to feasibility and long-term value creation. Geopolitical Clarity in a Foggy Global Market Peru's mining-friendly framework continues to shine amid growing political risk in other jurisdictions. While majors like Barrick Mining (NYSE: B) (TSX: ABX) are doubling down on politically complex regions such as Pakistan and the DRC, junior companies like Magma Silver and Silver X Mining (TSX-Venture: AGX) (OTCQB: AGXPF) are leveraging Peru's more stable climate to progress exploration without regulatory overhang. A global juggernaut, Barrick is developing the massive Reko Diq copper-gold project in Pakistan (one of the world's largest undeveloped copper-gold projects) with a 50% ownership stake, seeking to secure upwards of $2-3 billion in international financing with plans to finalize funding in the third quarter. In the Democratic Republic of Congo, Barrick has already built Kibali into Africa's largest gold mine and is now looking to invest in additional gold and copper opportunities in partnership with the DRC government. Both investments represent significant commitments to politically complex but resource-rich regions where Barrick sees substantial growth potential. Silver X is advancing the Nueva Recuperada district with a focus on becoming a mid-tier producer. The flagship project spans 20,472 hectares in Peru's Huancavelica region and contains more than 200 exploration targets across three key mining units: Tangana, Plata, and Red Silver. The company recently announced a significant increase in mineral resource estimates for the project in February 2025 and secured CA$3.5 million to fast-track silver expansion, while currently producing silver, gold, lead, and zinc from its operating Tangana Mining Unit. The efforts from a major like Barrick to ramp up production and improve cost profiles mirror the kind of scalability that investors are now looking for across the junior space. For Magma, the lesson is clear: jurisdictional predictability plus a clear operational timeline equals greater market traction. De-Risking the Narrative: From Drill Holes to Deliverables While Magma Silver's Niñobamba asset has already benefited from over $14.5 million in historical exploration, the company is now positioned to reframe the narrative from "what might be there" to "how soon can we prove it." The upcoming drill program will focus on defining mineralized zones with high-grade gold and silver potential across multiple targets. This is the same track that Silver X and Aftermath Silver are taking. Aftermath, which recently updated its Berenguela Project's resource estimate in Peru, has shown that layered milestones and regular deliverables, not just high-grade assays, are critical to investor confidence. Magma appears to be taking that cue, aligning its upcoming work program with measurable progress in both technical and regulatory arenas. A Junior Ready for Prime Time In an industry often clouded by overpromising and underdelivering, Magma Silver Corp. is quietly building a foundation for sustained value. With strong historical data, a tightly scoped development plan, and an increasingly seasoned leadership team, Magma has the early markings of a junior with staying power. As investor focus turns toward execution and jurisdictional clarity, companies like Magma, operating in a proven district and backed by strategic capital, may be among the few juniors capable of making the leap from speculative asset to strategic opportunity. Disclaimer: All opinions and information provided above are intended for educational and research purposes only. The information provided above should be used as a starting point for conducting any research on the public companies discussed. All readers should do their own due diligence and research when determining which investment strategies are best suited for them or seek the advice of an investment professional prior to making an investment decision. The profiles of the above discussed public companies are not in any way a solicitation or a recommendation to buy, sell or hold their securities. Magma Silver Corp. has initiated for digital media advertising valued at thirteen thousand five hundred dollars. Any forward-looking statements set forth in the article above are based on expectations, estimates and projections at the time such statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of words such as 'projects,' 'foresees' 'expects,' 'will,' 'anticipates,' 'estimates,' 'believes,' 'understands' or by statements indicating certain actions 'may,' 'could' or 'might' occur. There is no guarantee past performance will be indicative of future results or that any such forward-looking projections will occur. For a complete disclaimer, investors are encouraged to click here: View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
CBS News
7 days ago
- Business
- CBS News
What beginner (and veteran) investors should do before the next gold price surge
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. A rising gold price may require both beginner and veteran investors to adjust their strategies. Getty Images The price of gold is poised to break another record. That seems to be the takeaway this week as the price of the metal hovers around the $3,400 mark, after hitting that new high as recently as April. Now, thanks to a combination of rising inflation, interest rates and broader geopolitical tensions, the price could hit another new record, perhaps as soon as this week. For a metal that was priced under $2,000 per ounce at the end of 2023, investors could now see it surge as high as $4,000 for the same amount. But whether you're a beginner just getting started in the precious metals market, or a veteran who has already incorporated gold into their portfolio, some strategic moves could be worth making, before the inevitable next price surge. Below, we'll break down three that each investor type should consider making now. Start investing in gold before the next price spike here now. What beginners should do before the next gold price surge Not yet a gold investor? Here's what to consider doing before the price breaks a new record: Get invested: Not yet invested in gold? It's never too late to start. With the price of the asset continually rising, today's "high" price could be tomorrow's low one. So don't delay acting while waiting for a low entry price point that's unlikely to materialize. Get invested now before the price becomes permanently out of reach. Not yet invested in gold? It's never too late to start. With the price of the asset continually rising, today's "high" price could be tomorrow's low one. So don't delay acting while waiting for a low entry price point that's unlikely to materialize. Get invested now before the price becomes permanently out of reach. Look to fractional gold: Fractional gold Avoid the temptation to sell quickly: Sure, you may be able to make a quick profit by buying gold now and, theoretically, selling it later this summer. But that would be against the general guidance of incorporating gold into your portfolio as an inflation protector inflation Learn more about the smart ways beginners can invest in gold here. What veterans should do before the next gold price surge Hold steady: A rising asset price is a good thing, not necessarily a cause for selling. So, hold steady and monitor the market A rising asset price is a good thing, not necessarily a cause for selling. So, hold steady and Consider buying more: Don't have gold quite at the recommended limit of 10% of your overall portfolio Don't have gold quite at the recommended limit of Remember the initial reasons for investing: Did you first get into gold investing to turn a quick profit? Or was it to shore up your defenses against the damaging impacts of inflation? Did you buy gold to have a shiny object in your home safe? Or was it to diversify a portfolio The bottom line The above list is a good starting point for beginners and veterans ahead of a potential gold price spike, but it's not exhaustive. There could be other moves to make (or avoid) depending on your budget, portfolio and retirement plans. So, review these items carefully but consider also speaking with a financial advisor or gold company who can offer more personalized guidance. But do so soon, before the price of gold becomes too costly to strategize around.
