Huge News Coming out of China! There Will Be No More Silver Available VERY SOON - Peter Grandich

Huge News Coming out of China! There Will Be No More Silver Available VERY SOON - Peter Grandich

Although silver has outperformed gold year-to-date in 2024 and over the past five years, that hasn't always been the case. Gold historically outperforms silver in the long run and has delivered an annualized 7.7% return over the past decade. Meanwhile, silver has only delivered an annualized 6.08% return during the same stretch.
China's increasing silver consumption in the solar sector and renewable technologies have driven much of the recent demand surge. Solar energy now accounts for 16% of the silver demand compared to 6% in 2015.
Renowned financial expert Peter Grandich underscores silver's improved fundamentals, noting its growing appeal among retail investors. While historically secondary to gold, silver's market position has strengthened in recent years. From a technical standpoint, Grandich mentions a decline in the global silver supply and rising Chinese purchases, boosting its appeal. Gold is the more established asset, but in 2024, silver has outperformed the yellow metal year-to-date and over the past five years.
Several key factors have bolstered silver this year, including strong industrial demand in the face of persistent supply deficits and increased investment interest amid economic uncertainty.
While reflecting on the market, Peter Grandich highlights the growing influence of BRICS, predicting its expansion as countries seek alternatives to US dominance. He sees central banks' gold purchases as preparation for a shift away from the dollar. Furthermore, central banks worldwide have been accumulating gold reserves at an accelerated pace, with demand for gold surging by 152% year-over-year in 2022, marking the highest level since 1950.
Over the past year, the significant gap between gold and gold equities had been narrowing. However, the post-election weakness in the gold sector has widened it again. This disconnect may not last forever, with gold producers enjoying record margins and generating substantial free cash flow.
Based on fundamentals, Peter Grandich emphasizes challenges in the junior resource market, including competition from cryptocurrencies and fewer financial advisors promoting junior stocks. He also notes a sharp decline in institutional interest, reduced brokerage support, and mining desks.
Despite these obstacles, Grandich states positive trends among mid-tier and major mining companies. He predicts a surge in acquisitions in 2025, as large producers must replenish their reserves by purchasing juniors with advanced-stage projects or production potential.
A weaker gold price led to gold equities underperforming the metal in November. The NYSE Arca Gold Miners Index was down 7.09%, and the Small-/Mid-Cap Index, the MVIS Global Juniors Gold Miners Index, was down 7.79% during the month. Gold equities are now lagging gold this year, which is surprising. This is believed to be the compounding result of market dislocations in valuing the gold equities over the past several years. For transparency, note that as of December 17, 2024, over the past 5 years, GDMNTR was up 43.45% and MVGDXJTR was up 31.58%.

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