What You Need to Know About Gold ETFs | 5 Gold ETFs to Watch investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
In the 12 months since then, silver’s value has climbed 63 percent, and according to CPM Group’s latest market overview, the metal is anticipated to continue its growth trend over the next three years at least.
However, said Jeffrey Christian, the versatile metal is first likely to move sideways near current levels and could even test the US$23 level before a substantial price tailwind is registered.
“We wouldn’t be surprised to see the price go back up and test US$30 or US$32 over the next several months,” said Christian, who is a managing partner at the firm.
He went on to note that market fundamentals have positioned the white metal to potentially surpass its previous US$50 highs, set in 1980 and 2011. However, before that can happen, the metal will hit a relatively modest growth pace in late 2021 or early 2022.
Nick Barisheff: Silver Demand High, What s a Realistic Price? investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
Filo Mining (TSXV:FIL)
Pacific Ridge Exploration (TSXV:PEX)
Outcrop Gold (TSXV:OCG)
Chibougamau Independent Mines (TSXV:CBG)
Here’s a look at what may have moved their share prices over the last five days.
1. Doubleview Gold
Exploration and development company Doubleview Gold has centered its efforts primarily on precious and base metals projects in British Columbia, Canada.
Last week, the company announced results from initial metallurgical testing on material from its Hat copper-gold-cobalt deposit, located in the Golden Triangle area of British Columbia. According to Doubleview, flotation tests show it is possible to produce a concentrate that is high in gold and low in cobalt-copper, as well as a concentrate that is high in cobalt and low in gold pyrite.
Catch up and get informed with this week’s content highlights from Charlotte McLeod, our editorial director.
Gold spent time around US$1,845 per ounce this week, supported by concerns about inflation.
Those worries came after the release of Consumer Price Index data. According to the US Department of Labor, the index, which tracks a basket of goods, as well as energy and housing costs, rose 4.2 percent year-on-year in April, marking its fastest pace in 12 years. A weaker US dollar also helped gold.
Experts remain optimistic about gold’s future prospects, and I recently spoke with Ed Moy of Valaurum, who believes it should reach the US$2,000 to US$2,100 level by the end of the year. Why? His perspective is that when premiums are taken into account, buyers are already paying that much for gold.