Tunnusluvut
Riskitaso
?
Korkea: 6 / 7
Huomioi, että vaikka osakerahastoihin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tunnusluvut
- Juoksevat kulut1,40%
- OmaisuusluokkaOsake
- KategoriaSektori arvometallit osakkeet
- PerusvaluuttaEUR
- Lainoitusaste70%
- Avaintietoasiakirja
Tietoa rahastosta
The focus is on Global Precious Metal Mining Company with a special focus on transferable securities whose value development is affected by the market development for Silver.
Vastaavan tyyppisiä rahastoja
Omistukset
Päivitetty 30.4.2026
Jakauma
- Osakkeet96,1%
- Muut3,5%
- Lyhyt korko0,4%
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
4 t sitten · Muokattu4 t sitten · MuokattuHow Friday’s US Jobs Report Could Move Silver Global markets enter June with the US dollar still searching for direction, and this week the labour market becomes the key macro catalyst. On Friday, the Bureau of Labor Statistics releases the May Employment Situation report, with nonfarm payrolls, unemployment and wage growth all likely to influence expectations for Federal Reserve policy and, by extension, precious metals. For silver investors, the transmission mechanism is rarely direct. Labour-market data influence expectations for interest rates, real yields and the dollar, which in turn affect the attractiveness of non-yielding assets such as silver. A stronger-than-expected report, characterised by robust payroll growth, stable or falling unemployment and firm wage gains, would reinforce the view that the US economy remains resilient. Such an outcome would likely support the dollar and real yields while reducing expectations for monetary easing. Historically, that combination has been a headwind for precious metals. Conversely, a softer report would increase the probability of future policy easing, potentially weakening the dollar and lowering real yields. Under normal circumstances, that environment tends to support silver and gold. However, silver differs from gold in one important respect: it is both a monetary metal and an industrial commodity. While gold’s investment case is driven primarily by monetary conditions and safe-haven demand, silver derives a substantial share of its demand from industrial applications, including solar energy, electronics, electrification and advanced manufacturing. As a result, the market’s interpretation of weak economic data often matters more than the data themselves. If softer labour-market figures are viewed as evidence that inflation pressures are moderating and that the Federal Reserve can eventually ease policy without a significant deterioration in economic activity, the outcome would likely be constructive for silver. Lower real yields would support investment demand while industrial demand expectations remain largely intact. The picture becomes more complicated if weak data are interpreted as the beginning of a broader economic slowdown. In that scenario, the positive effect of lower yields could be offset by concerns over future industrial demand, limiting silver’s upside despite a more accommodative policy outlook. This dual nature helps explain why silver often exhibits greater volatility than gold. Investors are simultaneously assessing monetary conditions and the outlook for global industrial activity, creating two powerful and sometimes conflicting drivers. The broader backdrop remains supportive over the medium term. Silver has delivered exceptional gains over the past year, supported by persistent supply deficits, strong industrial demand and recurring geopolitical uncertainty. At the same time, elevated inflation concerns and a more cautious Federal Reserve have moderated expectations for near-term monetary easing, contributing to the consolidation seen since the first quarter. For Friday’s report, the key question is not whether the labour market is simply strong or weak. The critical issue is which narrative dominates market pricing. A soft report interpreted as evidence of a successful soft landing would likely be the most constructive outcome for silver, combining lower-rate expectations with resilient industrial demand. A strong report that reinforces a higher-for-longer policy stance would likely support the dollar and real yields, creating a more challenging environment. Meanwhile, a sharply weaker report that raises recession concerns could leave silver caught between monetary support and deteriorating industrial-demand expectations. For silver investors, Friday’s release may therefore be less about the headline payroll number itself and more about how the market balances the competing forces of monetary easing, economic growth and industrial demand. - Sources - BLS — Employment Situation Reports https://www.bls.gov/ces/ - Investing.com — US Dollar and Jobs Data Analysis https://www.investing.com/analysis/us-dollar-this-weeks-jobs-data-could-trigger-a-major-breakout-200681263 - Trading Economics — Silver Market Data https://tradingeconomics.com/commodity/silver - CBS News — Gold and Silver Outlook https://www.cbsnews.com/news/what-will-happen-gold-silver-prices-june-2026-what-experts-expect/ - J.P. Morgan Global Research — Silver Outlook https://www.jpmorgan.com/insights/global-research/commodities/silver-prices - This post is for informational and discussion purposes only and does not constitute investment advice. All investments involve risk, and investors should conduct their own research before making investment decisions.
5 t sitten5 t sittenTämä julkaisu on poistettu.
·6 t sittenCan someone write the numbers for the Eurojackpot drawing tomorrow?
·7 t sitten · MuokattuIs there a shift towards that the fund rises more than silver. It seems to me that it strengthened itself approx. 3,5% relative to the silver price last week. We now have one more quarter with high prices. Is the market starting to believe that this price level is not just a brief glimpse, before it falls back to 30-40. The mining companies are indeed supposed to rise 2-3 times the price of silver. With price at 75 the companies are making huge profits. Price of silver 1 year ago was probably 35 .
8 t sitten8 t sittenFund Change NAV Currency Date AuAg Silver Bullet A +2,55% 442.50 SEK 29/05/2026 AuAg Silver Bullet B +2,72% 44.23 EUR 29/05/2026- 10 t sitten10 t sittenOil Toward $150 — But It’s the Fed’s Reaction, Not the Barrel, That Decides Silver A thought experiment worth unpacking: suppose Brent spikes toward $150 because inventories run dry — a supply-driven shock, not a demand-driven one. The intuitive reflex across the commodity complex is that silver gets dragged higher with it. But for silver specifically, this is precisely the variant where the linkage is most ambiguous, and the entire outcome hinges on one thing: how the Fed chooses to interpret the shock. It’s tempting to read an oil-driven inflation shock as cleanly bullish for precious metals. Oil is a pervasive input cost, headline inflation lifts, and silver is priced in part as an inflation hedge — with a geopolitical safe-haven premium layered on top if the trigger is Hormuz or US-Iran. The problem is that the decisive variable for precious metals isn’t the oil price, it’s the real rate. And the real rate is set by the Fed’s response, not by the barrel price itself. This opens up two fundamentally different regimes. In the first, the Fed “looks through” the shock: it treats the oil move as a transitory, supply-side spike that monetary tightening can’t fix, holds or cuts, lets inflation expectations run, and real rates fall. That’s textbook bullish for silver — it was essentially the dynamic of the 1970s, when the Fed sat behind the curve, real rates were deeply negative, and both gold and silver went vertical. In the second regime, the Fed leans against the shock: it fears that oil-driven inflation embeds itself in expectations, holds rates higher for longer, real rates climb — and the opportunity cost of holding a non-yielding asset rises with them. That’s bearish. It was the 2022 pattern: oil spiked after the invasion of Ukraine, but the Fed responded aggressively, real rates rose, and precious metals struggled through much of the year despite double-digit inflation. For silver, there’s an added complication that gold sidesteps. Roughly half of silver demand is industrial — solar, electronics. An inventory-driven oil shock is by definition stagflationary: it lifts inflation while simultaneously slowing growth and raising recession risk. That hits silver’s industrial leg directly. In such an environment the gold/silver ratio typically widens — gold, as the cleaner monetary play, outperforms silver. A demand-driven oil move (strong global growth, reflation) would be unambiguously more bullish for silver, because industrial demand would then be robust. So it isn’t the oil price that tells you anything — it’s the cause behind it. So the answer to “does silver rise if oil hits $150 on empty inventories?” is: only if the Fed chooses inflation tolerance over inflation-fighting. If real rates fall, silver wins — and can win big, given the underlying structural supply deficit in the market. If real rates rise because the Fed tightens into a stagflationary shock, silver gets squeezed between weaker industrial demand and higher opportunity cost, and gold becomes the safer call. With silver around $75 per ounce, up more than 128% over the past year , a great deal of optimism is already priced in — which makes this particular Fed fork matter all the more for where the risk sits from here. Personally, I read today’s reaction function as more inclined to “look through” a pure supply shock than in 2022 — but that is precisely the variable to watch, not the barrel price. What do you think: would today’s Fed look through an inventory-driven oil shock to $150, or tighten and thereby choke off the silver rally? Sources: • Silver price and performance: https://tradingeconomics.com/commodity/silver • Gold/silver ratio as a relative-value indicator: https://www.longtermtrends.com/gold-silver-ratio/ • Real rates and precious metals (correlation): https://www.longtermtrends.com/gold-vs-real-yields/ These are my own reflections and analysis, not investment advice. Do your own due diligence.
·7 t sittenImportant to remember that it's not fed that is the reason why neither oil nor silver are moving north. In the short term it will have significance but this is a structural macro shift. Interest rates up, inflation up, structural underinvestments across the commodity complex and a debt bubble that makes gold more attractive measured against bonds. You go from financial assets outperforming to hard assets outperforming. It's a capital rotation from "the west" to the old economy or emerging markets, which are commodity-producing. Commodity bullrun engaged 👍
0
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Tunnusluvut
Riskitaso
?
Korkea: 6 / 7
Huomioi, että vaikka osakerahastoihin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tunnusluvut
- Juoksevat kulut1,40%
- OmaisuusluokkaOsake
- KategoriaSektori arvometallit osakkeet
- PerusvaluuttaEUR
- Lainoitusaste70%
- Avaintietoasiakirja
Tietoa rahastosta
The focus is on Global Precious Metal Mining Company with a special focus on transferable securities whose value development is affected by the market development for Silver.
Vastaavan tyyppisiä rahastoja
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Omistukset
Päivitetty 30.4.2026
Jakauma
- Osakkeet96,1%
- Muut3,5%
- Lyhyt korko0,4%
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- 4 t sitten · Muokattu4 t sitten · MuokattuHow Friday’s US Jobs Report Could Move Silver Global markets enter June with the US dollar still searching for direction, and this week the labour market becomes the key macro catalyst. On Friday, the Bureau of Labor Statistics releases the May Employment Situation report, with nonfarm payrolls, unemployment and wage growth all likely to influence expectations for Federal Reserve policy and, by extension, precious metals. For silver investors, the transmission mechanism is rarely direct. Labour-market data influence expectations for interest rates, real yields and the dollar, which in turn affect the attractiveness of non-yielding assets such as silver. A stronger-than-expected report, characterised by robust payroll growth, stable or falling unemployment and firm wage gains, would reinforce the view that the US economy remains resilient. Such an outcome would likely support the dollar and real yields while reducing expectations for monetary easing. Historically, that combination has been a headwind for precious metals. Conversely, a softer report would increase the probability of future policy easing, potentially weakening the dollar and lowering real yields. Under normal circumstances, that environment tends to support silver and gold. However, silver differs from gold in one important respect: it is both a monetary metal and an industrial commodity. While gold’s investment case is driven primarily by monetary conditions and safe-haven demand, silver derives a substantial share of its demand from industrial applications, including solar energy, electronics, electrification and advanced manufacturing. As a result, the market’s interpretation of weak economic data often matters more than the data themselves. If softer labour-market figures are viewed as evidence that inflation pressures are moderating and that the Federal Reserve can eventually ease policy without a significant deterioration in economic activity, the outcome would likely be constructive for silver. Lower real yields would support investment demand while industrial demand expectations remain largely intact. The picture becomes more complicated if weak data are interpreted as the beginning of a broader economic slowdown. In that scenario, the positive effect of lower yields could be offset by concerns over future industrial demand, limiting silver’s upside despite a more accommodative policy outlook. This dual nature helps explain why silver often exhibits greater volatility than gold. Investors are simultaneously assessing monetary conditions and the outlook for global industrial activity, creating two powerful and sometimes conflicting drivers. The broader backdrop remains supportive over the medium term. Silver has delivered exceptional gains over the past year, supported by persistent supply deficits, strong industrial demand and recurring geopolitical uncertainty. At the same time, elevated inflation concerns and a more cautious Federal Reserve have moderated expectations for near-term monetary easing, contributing to the consolidation seen since the first quarter. For Friday’s report, the key question is not whether the labour market is simply strong or weak. The critical issue is which narrative dominates market pricing. A soft report interpreted as evidence of a successful soft landing would likely be the most constructive outcome for silver, combining lower-rate expectations with resilient industrial demand. A strong report that reinforces a higher-for-longer policy stance would likely support the dollar and real yields, creating a more challenging environment. Meanwhile, a sharply weaker report that raises recession concerns could leave silver caught between monetary support and deteriorating industrial-demand expectations. For silver investors, Friday’s release may therefore be less about the headline payroll number itself and more about how the market balances the competing forces of monetary easing, economic growth and industrial demand. - Sources - BLS — Employment Situation Reports https://www.bls.gov/ces/ - Investing.com — US Dollar and Jobs Data Analysis https://www.investing.com/analysis/us-dollar-this-weeks-jobs-data-could-trigger-a-major-breakout-200681263 - Trading Economics — Silver Market Data https://tradingeconomics.com/commodity/silver - CBS News — Gold and Silver Outlook https://www.cbsnews.com/news/what-will-happen-gold-silver-prices-june-2026-what-experts-expect/ - J.P. Morgan Global Research — Silver Outlook https://www.jpmorgan.com/insights/global-research/commodities/silver-prices - This post is for informational and discussion purposes only and does not constitute investment advice. All investments involve risk, and investors should conduct their own research before making investment decisions.
- 5 t sitten5 t sittenTämä julkaisu on poistettu.·6 t sittenCan someone write the numbers for the Eurojackpot drawing tomorrow?
- ·7 t sitten · MuokattuIs there a shift towards that the fund rises more than silver. It seems to me that it strengthened itself approx. 3,5% relative to the silver price last week. We now have one more quarter with high prices. Is the market starting to believe that this price level is not just a brief glimpse, before it falls back to 30-40. The mining companies are indeed supposed to rise 2-3 times the price of silver. With price at 75 the companies are making huge profits. Price of silver 1 year ago was probably 35 .
- 8 t sitten8 t sittenFund Change NAV Currency Date AuAg Silver Bullet A +2,55% 442.50 SEK 29/05/2026 AuAg Silver Bullet B +2,72% 44.23 EUR 29/05/2026
- 10 t sitten10 t sittenOil Toward $150 — But It’s the Fed’s Reaction, Not the Barrel, That Decides Silver A thought experiment worth unpacking: suppose Brent spikes toward $150 because inventories run dry — a supply-driven shock, not a demand-driven one. The intuitive reflex across the commodity complex is that silver gets dragged higher with it. But for silver specifically, this is precisely the variant where the linkage is most ambiguous, and the entire outcome hinges on one thing: how the Fed chooses to interpret the shock. It’s tempting to read an oil-driven inflation shock as cleanly bullish for precious metals. Oil is a pervasive input cost, headline inflation lifts, and silver is priced in part as an inflation hedge — with a geopolitical safe-haven premium layered on top if the trigger is Hormuz or US-Iran. The problem is that the decisive variable for precious metals isn’t the oil price, it’s the real rate. And the real rate is set by the Fed’s response, not by the barrel price itself. This opens up two fundamentally different regimes. In the first, the Fed “looks through” the shock: it treats the oil move as a transitory, supply-side spike that monetary tightening can’t fix, holds or cuts, lets inflation expectations run, and real rates fall. That’s textbook bullish for silver — it was essentially the dynamic of the 1970s, when the Fed sat behind the curve, real rates were deeply negative, and both gold and silver went vertical. In the second regime, the Fed leans against the shock: it fears that oil-driven inflation embeds itself in expectations, holds rates higher for longer, real rates climb — and the opportunity cost of holding a non-yielding asset rises with them. That’s bearish. It was the 2022 pattern: oil spiked after the invasion of Ukraine, but the Fed responded aggressively, real rates rose, and precious metals struggled through much of the year despite double-digit inflation. For silver, there’s an added complication that gold sidesteps. Roughly half of silver demand is industrial — solar, electronics. An inventory-driven oil shock is by definition stagflationary: it lifts inflation while simultaneously slowing growth and raising recession risk. That hits silver’s industrial leg directly. In such an environment the gold/silver ratio typically widens — gold, as the cleaner monetary play, outperforms silver. A demand-driven oil move (strong global growth, reflation) would be unambiguously more bullish for silver, because industrial demand would then be robust. So it isn’t the oil price that tells you anything — it’s the cause behind it. So the answer to “does silver rise if oil hits $150 on empty inventories?” is: only if the Fed chooses inflation tolerance over inflation-fighting. If real rates fall, silver wins — and can win big, given the underlying structural supply deficit in the market. If real rates rise because the Fed tightens into a stagflationary shock, silver gets squeezed between weaker industrial demand and higher opportunity cost, and gold becomes the safer call. With silver around $75 per ounce, up more than 128% over the past year , a great deal of optimism is already priced in — which makes this particular Fed fork matter all the more for where the risk sits from here. Personally, I read today’s reaction function as more inclined to “look through” a pure supply shock than in 2022 — but that is precisely the variable to watch, not the barrel price. What do you think: would today’s Fed look through an inventory-driven oil shock to $150, or tighten and thereby choke off the silver rally? Sources: • Silver price and performance: https://tradingeconomics.com/commodity/silver • Gold/silver ratio as a relative-value indicator: https://www.longtermtrends.com/gold-silver-ratio/ • Real rates and precious metals (correlation): https://www.longtermtrends.com/gold-vs-real-yields/ These are my own reflections and analysis, not investment advice. Do your own due diligence.·7 t sittenImportant to remember that it's not fed that is the reason why neither oil nor silver are moving north. In the short term it will have significance but this is a structural macro shift. Interest rates up, inflation up, structural underinvestments across the commodity complex and a debt bubble that makes gold more attractive measured against bonds. You go from financial assets outperforming to hard assets outperforming. It's a capital rotation from "the west" to the old economy or emerging markets, which are commodity-producing. Commodity bullrun engaged 👍
0
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tunnusluvut
Riskitaso
?
Korkea: 6 / 7
Huomioi, että vaikka osakerahastoihin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tunnusluvut
- Juoksevat kulut1,40%
- OmaisuusluokkaOsake
- KategoriaSektori arvometallit osakkeet
- PerusvaluuttaEUR
- Lainoitusaste70%
- Avaintietoasiakirja
Tietoa rahastosta
The focus is on Global Precious Metal Mining Company with a special focus on transferable securities whose value development is affected by the market development for Silver.
Vastaavan tyyppisiä rahastoja
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- 4 t sitten · Muokattu4 t sitten · MuokattuHow Friday’s US Jobs Report Could Move Silver Global markets enter June with the US dollar still searching for direction, and this week the labour market becomes the key macro catalyst. On Friday, the Bureau of Labor Statistics releases the May Employment Situation report, with nonfarm payrolls, unemployment and wage growth all likely to influence expectations for Federal Reserve policy and, by extension, precious metals. For silver investors, the transmission mechanism is rarely direct. Labour-market data influence expectations for interest rates, real yields and the dollar, which in turn affect the attractiveness of non-yielding assets such as silver. A stronger-than-expected report, characterised by robust payroll growth, stable or falling unemployment and firm wage gains, would reinforce the view that the US economy remains resilient. Such an outcome would likely support the dollar and real yields while reducing expectations for monetary easing. Historically, that combination has been a headwind for precious metals. Conversely, a softer report would increase the probability of future policy easing, potentially weakening the dollar and lowering real yields. Under normal circumstances, that environment tends to support silver and gold. However, silver differs from gold in one important respect: it is both a monetary metal and an industrial commodity. While gold’s investment case is driven primarily by monetary conditions and safe-haven demand, silver derives a substantial share of its demand from industrial applications, including solar energy, electronics, electrification and advanced manufacturing. As a result, the market’s interpretation of weak economic data often matters more than the data themselves. If softer labour-market figures are viewed as evidence that inflation pressures are moderating and that the Federal Reserve can eventually ease policy without a significant deterioration in economic activity, the outcome would likely be constructive for silver. Lower real yields would support investment demand while industrial demand expectations remain largely intact. The picture becomes more complicated if weak data are interpreted as the beginning of a broader economic slowdown. In that scenario, the positive effect of lower yields could be offset by concerns over future industrial demand, limiting silver’s upside despite a more accommodative policy outlook. This dual nature helps explain why silver often exhibits greater volatility than gold. Investors are simultaneously assessing monetary conditions and the outlook for global industrial activity, creating two powerful and sometimes conflicting drivers. The broader backdrop remains supportive over the medium term. Silver has delivered exceptional gains over the past year, supported by persistent supply deficits, strong industrial demand and recurring geopolitical uncertainty. At the same time, elevated inflation concerns and a more cautious Federal Reserve have moderated expectations for near-term monetary easing, contributing to the consolidation seen since the first quarter. For Friday’s report, the key question is not whether the labour market is simply strong or weak. The critical issue is which narrative dominates market pricing. A soft report interpreted as evidence of a successful soft landing would likely be the most constructive outcome for silver, combining lower-rate expectations with resilient industrial demand. A strong report that reinforces a higher-for-longer policy stance would likely support the dollar and real yields, creating a more challenging environment. Meanwhile, a sharply weaker report that raises recession concerns could leave silver caught between monetary support and deteriorating industrial-demand expectations. For silver investors, Friday’s release may therefore be less about the headline payroll number itself and more about how the market balances the competing forces of monetary easing, economic growth and industrial demand. - Sources - BLS — Employment Situation Reports https://www.bls.gov/ces/ - Investing.com — US Dollar and Jobs Data Analysis https://www.investing.com/analysis/us-dollar-this-weeks-jobs-data-could-trigger-a-major-breakout-200681263 - Trading Economics — Silver Market Data https://tradingeconomics.com/commodity/silver - CBS News — Gold and Silver Outlook https://www.cbsnews.com/news/what-will-happen-gold-silver-prices-june-2026-what-experts-expect/ - J.P. Morgan Global Research — Silver Outlook https://www.jpmorgan.com/insights/global-research/commodities/silver-prices - This post is for informational and discussion purposes only and does not constitute investment advice. All investments involve risk, and investors should conduct their own research before making investment decisions.
- 5 t sitten5 t sittenTämä julkaisu on poistettu.·6 t sittenCan someone write the numbers for the Eurojackpot drawing tomorrow?
- ·7 t sitten · MuokattuIs there a shift towards that the fund rises more than silver. It seems to me that it strengthened itself approx. 3,5% relative to the silver price last week. We now have one more quarter with high prices. Is the market starting to believe that this price level is not just a brief glimpse, before it falls back to 30-40. The mining companies are indeed supposed to rise 2-3 times the price of silver. With price at 75 the companies are making huge profits. Price of silver 1 year ago was probably 35 .
- 8 t sitten8 t sittenFund Change NAV Currency Date AuAg Silver Bullet A +2,55% 442.50 SEK 29/05/2026 AuAg Silver Bullet B +2,72% 44.23 EUR 29/05/2026
- 10 t sitten10 t sittenOil Toward $150 — But It’s the Fed’s Reaction, Not the Barrel, That Decides Silver A thought experiment worth unpacking: suppose Brent spikes toward $150 because inventories run dry — a supply-driven shock, not a demand-driven one. The intuitive reflex across the commodity complex is that silver gets dragged higher with it. But for silver specifically, this is precisely the variant where the linkage is most ambiguous, and the entire outcome hinges on one thing: how the Fed chooses to interpret the shock. It’s tempting to read an oil-driven inflation shock as cleanly bullish for precious metals. Oil is a pervasive input cost, headline inflation lifts, and silver is priced in part as an inflation hedge — with a geopolitical safe-haven premium layered on top if the trigger is Hormuz or US-Iran. The problem is that the decisive variable for precious metals isn’t the oil price, it’s the real rate. And the real rate is set by the Fed’s response, not by the barrel price itself. This opens up two fundamentally different regimes. In the first, the Fed “looks through” the shock: it treats the oil move as a transitory, supply-side spike that monetary tightening can’t fix, holds or cuts, lets inflation expectations run, and real rates fall. That’s textbook bullish for silver — it was essentially the dynamic of the 1970s, when the Fed sat behind the curve, real rates were deeply negative, and both gold and silver went vertical. In the second regime, the Fed leans against the shock: it fears that oil-driven inflation embeds itself in expectations, holds rates higher for longer, real rates climb — and the opportunity cost of holding a non-yielding asset rises with them. That’s bearish. It was the 2022 pattern: oil spiked after the invasion of Ukraine, but the Fed responded aggressively, real rates rose, and precious metals struggled through much of the year despite double-digit inflation. For silver, there’s an added complication that gold sidesteps. Roughly half of silver demand is industrial — solar, electronics. An inventory-driven oil shock is by definition stagflationary: it lifts inflation while simultaneously slowing growth and raising recession risk. That hits silver’s industrial leg directly. In such an environment the gold/silver ratio typically widens — gold, as the cleaner monetary play, outperforms silver. A demand-driven oil move (strong global growth, reflation) would be unambiguously more bullish for silver, because industrial demand would then be robust. So it isn’t the oil price that tells you anything — it’s the cause behind it. So the answer to “does silver rise if oil hits $150 on empty inventories?” is: only if the Fed chooses inflation tolerance over inflation-fighting. If real rates fall, silver wins — and can win big, given the underlying structural supply deficit in the market. If real rates rise because the Fed tightens into a stagflationary shock, silver gets squeezed between weaker industrial demand and higher opportunity cost, and gold becomes the safer call. With silver around $75 per ounce, up more than 128% over the past year , a great deal of optimism is already priced in — which makes this particular Fed fork matter all the more for where the risk sits from here. Personally, I read today’s reaction function as more inclined to “look through” a pure supply shock than in 2022 — but that is precisely the variable to watch, not the barrel price. What do you think: would today’s Fed look through an inventory-driven oil shock to $150, or tighten and thereby choke off the silver rally? Sources: • Silver price and performance: https://tradingeconomics.com/commodity/silver • Gold/silver ratio as a relative-value indicator: https://www.longtermtrends.com/gold-silver-ratio/ • Real rates and precious metals (correlation): https://www.longtermtrends.com/gold-vs-real-yields/ These are my own reflections and analysis, not investment advice. Do your own due diligence.·7 t sittenImportant to remember that it's not fed that is the reason why neither oil nor silver are moving north. In the short term it will have significance but this is a structural macro shift. Interest rates up, inflation up, structural underinvestments across the commodity complex and a debt bubble that makes gold more attractive measured against bonds. You go from financial assets outperforming to hard assets outperforming. It's a capital rotation from "the west" to the old economy or emerging markets, which are commodity-producing. Commodity bullrun engaged 👍
0
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Omistukset
Päivitetty 30.4.2026
Jakauma
- Osakkeet96,1%
- Muut3,5%
- Lyhyt korko0,4%