US EditionGold and Silver Rebound After Historic Wipeout as Analysts Say Thematic Drivers Stay Intact
Gold and silver prices rebounded after historic declines, driven by short-term factors while core demand, including industrial uses and investment interest, remains strong, Deutsche Bank said.
- On Tuesday, spot gold jumped as much as 4%, trading at $4,771.76 per ounce, while silver futures rose 7% to $82.67 in New York futures markets.
- Following a near-10% gold plunge on Friday, silver suffered a roughly 30% collapse amid a dollar rebound and position-trimming.
- Deutsche Bank strategists said short-term catalysts explain last week's moves but raise questions about market positioning, while eToro analyst Zavier Wong noted that silver has attracted more retail participation than gold, and Barclays acknowledged overheated technicals but said gold's broader bid remains resilient.
- Investors' intentions across official, institutional, and individual channels have not likely changed for the worse, and Deutsche Bank said the broader investment case for gold and silver remains intact.
- Long-Term forecasts show total demand reaching 48,000 tonnes to 54,000 tonnes by 2030 while supply is expected to rise only to about 34,000 tonnes, with the solar sector consuming 10,000-14,000 tonnes annually.
21 Articles
21 Articles
The Siasat Daily
NewsDrumSilver, gold rebounds sharply after 3-day rout in futures trade
New Delhi: Silver and gold prices rebounded sharply in the futures trade on Tuesday, February 3, following value buying by investors after a three-day rout in the domestic markets. On the Multi Commodity Exchange (MCX), silver for March delivery surged Rs 29,372, or 12.43 per cent, to Rs 2,65,633 per kilogram. The white metal hit a high of Rs 2,70,398 per kilogram, gaining as much as Rs 34,137, or 14.4 per cent. It had closed at Rs 2,36,261 per …
The price of gold was back above $4,940 by Tuesday morning, and silver also reached $86.
focus.de
finanzen100.deAfter new records last week, prices for gold and silver made an abrupt turnaround, but why did euphoria panic so quickly?
Times of India
The Economic TimesAre gold and silver bubbles cracking after $7 trillion wipeout? What investors should do now
Gold and silver prices saw a significant drop, wiping out trillions. However, experts say the gold bull market is still strong. This sharp fall is seen as a temporary reset due to high leverage. Analysts expect prices to rise again. Silver, however, needs more price correction before it becomes attractive for long-term investment.
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