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?
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
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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.
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Omistukset
Päivitetty 31.5.2026
Jakauma
- Osakkeet95,8%
- Muut3,5%
- Lyhyt korko0,7%
Asiakkaat katsoivat myös
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1 t sittenPan American Silver (NYSE: PAAS) – Analysis in Light of the Precious Metals Correction Pan American Silver (NYSE: PAAS) is trading at $45.45 on June 26, 2026 — down sharply from its highs earlier this year. Technically, the stock has broken below the floor of a rising medium-term trend channel (Investtech). Key levels to watch: support at $46.60 (currently trading below — a negative signal), next support $28.00, resistance at $64.00. Silver (SI) trades at $59.22, down ~51% from its all-time high of $121.64 reached January 29, 2026. What drove the correction? The cause is macro, not company fundamentals. The hawkish FOMC meeting on June 16–17 under new Fed Chair Kevin Warsh shifted the rate path dramatically. Goldman Sachs removed all 2026 rate cuts from its forecast, pushing expected easing to mid-2027. May CPI at 4.2% YoY and blowout jobs data (172,000 vs. 80,000 consensus) strengthened the dollar and pushed real yields higher — the classic headwind for precious metals. Gold fell below its 200-day moving average for the first time since October 2023, and silver, trading with higher beta, took a proportionally harder hit. Fundamentals remain exceptionally strong Q1 2026 results (May 5) delivered revenue of $1.15 billion (+49.3% YoY), net income of $456 million (+170.9% YoY), and free cash flow of $488 million — lifting cash to a record $1.8 billion. The board approved up to $1 billion in shareholder returns for 2026. The La Colorada Skarn project, with peak production potential of 19+ million silver ounces annually, has been approved for development. Next earnings: August 4, 2026. Consensus EPS: $1.06, revenue: $1.18 billion. PAAS analyst targets (updated June 2026) Consensus: Strong Buy — 15 Buy, 3 Hold, 0 Sell over the past three months. Average 12-month price target: $71.15, implying ~57% upside from $45.45. Most recent ratings: TD Cowen upgraded to Buy May 12, raising target from $67 to $72. RBC Capital set a $75 target on April 28 — the highest among major brokers. Jefferies is the most cautious at $54. Institutional silver price targets (2026) J.P. Morgan: full-year average $81/oz. Goldman Sachs: $85–100/oz average. Citigroup: H2 target $110/oz, citing acute physical supply shortages. HSBC: $75/oz. Reuters 30-analyst survey median: $79.50/oz. At $59 today, silver trades well below most institutional consensus estimates for the year. Institutional gold price targets (2026) Goldman Sachs (revised June 20): $4,900. J.P. Morgan: $5,000–6,000. Wells Fargo: $6,100–6,300. UBS: $5,500. Morgan Stanley: $5,200. Gold trades near $4,190 — all major bank targets imply 17–51% upside from current levels. Bottom line There is a significant disconnect between PAAS's operational strength and its current share price of $45.45. With analyst consensus at $71.15 and record Q1 fundamentals, the stock is pricing in macro fear — not business risk. The key variable is the Fed. If Warsh holds rates high, pressure continues. But in a stagflationary scenario — sticky inflation combined with slowing growth — precious metals are historically among the best-positioned asset classes. The structural case remains intact: six consecutive years of silver supply deficits, surging demand from solar, EVs, and AI infrastructure, and central banks that purchased a net 244 tonnes of gold in Q1 2026 alone. This is not investment advice. Trading in commodities and mining equities involves substantial risk of loss. Sources: TipRanks – PAAS analyst consensus and price targets: https://www.tipranks.com/stocks/paas/forecast Benzinga – PAAS analyst ratings (TD Cowen $72, RBC Capital $75): https://www.benzinga.com/quote/PAAS/analyst-ratings Pan American Silver – Q1 2026 earnings release: https://panamericansilver.com/news/pan-american-silver-reports-first-quarter-2026-financial-results-strong-mine-operating-earnings-lead-to-record-cash-balance-and-an-enhanced-shareholder-return-framework/ Canadian Mining Report – Major bank silver price targets 2026: https://www.canadianminingreport.com/blog/major-banks-remain-bullish-on-silver-here-s-what-they-re-predicting GoldSilver.com – Silver bull/bear outlook 2026–2027: https://goldsilver.com/industry-news/article/silver-price-forecast-2026-2027-the-bull-case-and-bear-case-laid-out/ GoldSilver.com – Major bank gold price targets 2026: https://goldsilver.com/industry-news/article/gold-price-forecast-2026-2027-key-predictions-from-top-analysts/ GoldRepublic – Goldman Sachs revises gold target to $4,900 (June 2026): https://www.goldrepublic.com/en-us/gold-price/forecast- ·8 t sittenHormuz escalates Saturday night – what does that mean for silver going forward? Saturday night Norwegian time, the USA carried out attacks against four Iranian targets along the Strait of Hormuz and on Qeshm Island, in retaliation for an Iranian attack against a container ship on Thursday. According to Reuters, Iranian security forces responded shortly after with attacks against American military positions in the region – currently unconfirmed by the American military. CNN's military analyst Cedric Leighton characterizes this as "a significant escalation that could quickly get out of control". The timing is important. Silver traded around $59 at closing time Friday June 26 – down from $70+ when the USA-Iran ceasefire was announced on June 15, and far below the January peak of ~$121. The latest downturn was driven by the hawkish FOMC meeting on June 16-17, where the Fed under Kevin Warsh put rate hike fears back on the table after core inflation came in at 4.2% in May. The gold/silver ratio is now around 68.8 – not extreme, but with room for compression if macro turns. The mechanism is well-known: disrupted shipping through Hormuz → oil shock → inflation impulse. But here is the paradox that makes the silver situation complex right now: more inflation is normally negative for silver if it forces the Fed to keep real interest rates high. It was precisely this logic that pushed silver down from $70 to $59 after the FOMC. What, however, would lift silver is if escalation and geopolitical risk lead the market to price in that Warsh does not dare to hike – that the Fed gets "caught" between inflationary pressure and recession fears – and that real interest rates fall. In addition, a genuinely closed Hormuz could trigger flight to safe havens, pushing gold up and pulling silver with it. Short-term, volatility is high both ways. Monday's opening will provide a first signal as to whether the market interprets the escalation as an inflation trap for the Fed or as a geopolitical risk premium that lifts precious metals. Physical deficits in the silver market – six consecutive years according to the Silver Institute – provide a floor under the price, but it is Fed expectations that have practically driven short-term fluctuations in 2026. I hold AuAg Silver Bullet and am closely following the situation leading up to Monday's opening. What is your assessment – do you interpret escalation at Hormuz as net positive or negative for silver given today's Fed picture? This is not investment advice. All investments involve risk and you may lose the entire amount you invest. Sources: * Dagbladet / Reuters – USA-Iran escalation at Hormuz, June 27, 2026: https://www.dagbladet.no/nyheter/reuters-iran-svarer-etter-usa-angrep/84824634 * USAGOLD – Silver price Friday June 26, 2026 ($59.04): https://www.usagold.com/daily-silver-price-history/ * GoldSilver.com – Silver Price Outlook June 2026: https://goldsilver.com/industry-news/article/silver-price-outlook-june-2026/ * GoldSilver.com – Silver Price Forecast 2026–2027: https://goldsilver.com/industry-news/article/silver-price-forecast-2026-2027-the-bull-case-and-bear-case-laid-out/ * J.P. Morgan Global Research – Silver prices 2026: https://www.jpmorgan.com/insights/global-research/commodities/silver-prices
Comex Potential delivery vs registered 85.4% High delivery pressure 74.4M oz / 87.1M oz Days to first notice 2 days JUL 2026 contract The next two days will be exciting to follow🥡 
·1 päivä sitten · MuokattuSummary of figures in the post below: Demand down 2 %. Extraction plummets. Supply deficit increased by 15 %. Demand for use in solar cells down 19 %, Sales of solar panels have increased more than forecasts, due to high oil prices. Can you provide source references for this.- 1 päivä sittenSilver at a Technical Crossroads – The Support Zone Is Being Tested Now Silver is trading around $58 per ounce, with an intraday low of $55.67. The market is actively testing the $55–58 support zone I have identified as decisive. The metal is now down nearly 47 percent from its record high in January. TRADING ECONOMICS First resistance sits at $62–64, followed by $68–70. Long-term support at $50–52 is the floor no bull wants to see tested. A break below the $68 zone could trigger a pullback toward $50–60 before buyers return to the market. CoinDCX Three Catalysts in the Weeks Ahead The June CPI report is published July 14 at 8:30 a.m. ET. U.S. Bureau of Labor Statistics Core CPI already rose to 2.9 percent year-over-year in May – the highest since September 2025. TRADING ECONOMICS A reading above expectations strengthens the dollar and pushes silver lower. A softer print could trigger a sharp rally from current oversold levels. The next FOMC meeting is July 28–29, with the rate decision announced July 29. The Fed has held rates unchanged at 3.50–3.75 percent across four consecutive meetings. FedRateCalc Markets are currently pricing in roughly a 68 percent probability of a rate hike in September TRADING ECONOMICS – the single factor most likely to determine whether silver tests the $50–52 zone or stages a V-shaped recovery. The long-term fundamentals remain supportive. Even accounting for a 19 percent decline in silver consumption from the solar sector, 2026 is on track for a sixth consecutive annual supply deficit of 46.3 million ounces, according to Metals Focus and the Silver Institute. IndexBox The key question is straightforward: does $55–58 hold on a weekly closing basis? A break on high volume opens the door to $50–52. A clear rejection higher from this zone is the first signal that a bottom may be forming. Sources: Trading Economics – Silver price and Fed macro https://tradingeconomics.com/commodity/silver Bureau of Labor Statistics – June CPI, released July 14 https://www.bls.gov/news.release/cpi.nr0.htm FedRateCalc – FOMC meeting calendar 2026 https://fedratecalc.com/fomc-meeting-schedule/ IndexBox – Sixth consecutive silver supply deficit 2026 https://www.indexbox.io/blog/silver-market-faces-sixth-consecutive-deficit-despite-solar-industry-cutting-usage/ CoinDCX – Technical analysis and scenario map June 2026 https://coindcx.com/blog/personal-finance/silver-price-forecast/ This is not investment advice. Trading commodities and funds involves risk of loss of invested capital.Here you have evening reading,Symfoni👍🏻 https://goldsilver.com/industry-news/goldsilver-news/silver-market-deficit-2026-six-years-and-getting-worse/
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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 31.5.2026
Jakauma
- Osakkeet95,8%
- Muut3,5%
- Lyhyt korko0,7%
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- 1 t sittenPan American Silver (NYSE: PAAS) – Analysis in Light of the Precious Metals Correction Pan American Silver (NYSE: PAAS) is trading at $45.45 on June 26, 2026 — down sharply from its highs earlier this year. Technically, the stock has broken below the floor of a rising medium-term trend channel (Investtech). Key levels to watch: support at $46.60 (currently trading below — a negative signal), next support $28.00, resistance at $64.00. Silver (SI) trades at $59.22, down ~51% from its all-time high of $121.64 reached January 29, 2026. What drove the correction? The cause is macro, not company fundamentals. The hawkish FOMC meeting on June 16–17 under new Fed Chair Kevin Warsh shifted the rate path dramatically. Goldman Sachs removed all 2026 rate cuts from its forecast, pushing expected easing to mid-2027. May CPI at 4.2% YoY and blowout jobs data (172,000 vs. 80,000 consensus) strengthened the dollar and pushed real yields higher — the classic headwind for precious metals. Gold fell below its 200-day moving average for the first time since October 2023, and silver, trading with higher beta, took a proportionally harder hit. Fundamentals remain exceptionally strong Q1 2026 results (May 5) delivered revenue of $1.15 billion (+49.3% YoY), net income of $456 million (+170.9% YoY), and free cash flow of $488 million — lifting cash to a record $1.8 billion. The board approved up to $1 billion in shareholder returns for 2026. The La Colorada Skarn project, with peak production potential of 19+ million silver ounces annually, has been approved for development. Next earnings: August 4, 2026. Consensus EPS: $1.06, revenue: $1.18 billion. PAAS analyst targets (updated June 2026) Consensus: Strong Buy — 15 Buy, 3 Hold, 0 Sell over the past three months. Average 12-month price target: $71.15, implying ~57% upside from $45.45. Most recent ratings: TD Cowen upgraded to Buy May 12, raising target from $67 to $72. RBC Capital set a $75 target on April 28 — the highest among major brokers. Jefferies is the most cautious at $54. Institutional silver price targets (2026) J.P. Morgan: full-year average $81/oz. Goldman Sachs: $85–100/oz average. Citigroup: H2 target $110/oz, citing acute physical supply shortages. HSBC: $75/oz. Reuters 30-analyst survey median: $79.50/oz. At $59 today, silver trades well below most institutional consensus estimates for the year. Institutional gold price targets (2026) Goldman Sachs (revised June 20): $4,900. J.P. Morgan: $5,000–6,000. Wells Fargo: $6,100–6,300. UBS: $5,500. Morgan Stanley: $5,200. Gold trades near $4,190 — all major bank targets imply 17–51% upside from current levels. Bottom line There is a significant disconnect between PAAS's operational strength and its current share price of $45.45. With analyst consensus at $71.15 and record Q1 fundamentals, the stock is pricing in macro fear — not business risk. The key variable is the Fed. If Warsh holds rates high, pressure continues. But in a stagflationary scenario — sticky inflation combined with slowing growth — precious metals are historically among the best-positioned asset classes. The structural case remains intact: six consecutive years of silver supply deficits, surging demand from solar, EVs, and AI infrastructure, and central banks that purchased a net 244 tonnes of gold in Q1 2026 alone. This is not investment advice. Trading in commodities and mining equities involves substantial risk of loss. Sources: TipRanks – PAAS analyst consensus and price targets: https://www.tipranks.com/stocks/paas/forecast Benzinga – PAAS analyst ratings (TD Cowen $72, RBC Capital $75): https://www.benzinga.com/quote/PAAS/analyst-ratings Pan American Silver – Q1 2026 earnings release: https://panamericansilver.com/news/pan-american-silver-reports-first-quarter-2026-financial-results-strong-mine-operating-earnings-lead-to-record-cash-balance-and-an-enhanced-shareholder-return-framework/ Canadian Mining Report – Major bank silver price targets 2026: https://www.canadianminingreport.com/blog/major-banks-remain-bullish-on-silver-here-s-what-they-re-predicting GoldSilver.com – Silver bull/bear outlook 2026–2027: https://goldsilver.com/industry-news/article/silver-price-forecast-2026-2027-the-bull-case-and-bear-case-laid-out/ GoldSilver.com – Major bank gold price targets 2026: https://goldsilver.com/industry-news/article/gold-price-forecast-2026-2027-key-predictions-from-top-analysts/ GoldRepublic – Goldman Sachs revises gold target to $4,900 (June 2026): https://www.goldrepublic.com/en-us/gold-price/forecast
- ·8 t sittenHormuz escalates Saturday night – what does that mean for silver going forward? Saturday night Norwegian time, the USA carried out attacks against four Iranian targets along the Strait of Hormuz and on Qeshm Island, in retaliation for an Iranian attack against a container ship on Thursday. According to Reuters, Iranian security forces responded shortly after with attacks against American military positions in the region – currently unconfirmed by the American military. CNN's military analyst Cedric Leighton characterizes this as "a significant escalation that could quickly get out of control". The timing is important. Silver traded around $59 at closing time Friday June 26 – down from $70+ when the USA-Iran ceasefire was announced on June 15, and far below the January peak of ~$121. The latest downturn was driven by the hawkish FOMC meeting on June 16-17, where the Fed under Kevin Warsh put rate hike fears back on the table after core inflation came in at 4.2% in May. The gold/silver ratio is now around 68.8 – not extreme, but with room for compression if macro turns. The mechanism is well-known: disrupted shipping through Hormuz → oil shock → inflation impulse. But here is the paradox that makes the silver situation complex right now: more inflation is normally negative for silver if it forces the Fed to keep real interest rates high. It was precisely this logic that pushed silver down from $70 to $59 after the FOMC. What, however, would lift silver is if escalation and geopolitical risk lead the market to price in that Warsh does not dare to hike – that the Fed gets "caught" between inflationary pressure and recession fears – and that real interest rates fall. In addition, a genuinely closed Hormuz could trigger flight to safe havens, pushing gold up and pulling silver with it. Short-term, volatility is high both ways. Monday's opening will provide a first signal as to whether the market interprets the escalation as an inflation trap for the Fed or as a geopolitical risk premium that lifts precious metals. Physical deficits in the silver market – six consecutive years according to the Silver Institute – provide a floor under the price, but it is Fed expectations that have practically driven short-term fluctuations in 2026. I hold AuAg Silver Bullet and am closely following the situation leading up to Monday's opening. What is your assessment – do you interpret escalation at Hormuz as net positive or negative for silver given today's Fed picture? This is not investment advice. All investments involve risk and you may lose the entire amount you invest. Sources: * Dagbladet / Reuters – USA-Iran escalation at Hormuz, June 27, 2026: https://www.dagbladet.no/nyheter/reuters-iran-svarer-etter-usa-angrep/84824634 * USAGOLD – Silver price Friday June 26, 2026 ($59.04): https://www.usagold.com/daily-silver-price-history/ * GoldSilver.com – Silver Price Outlook June 2026: https://goldsilver.com/industry-news/article/silver-price-outlook-june-2026/ * GoldSilver.com – Silver Price Forecast 2026–2027: https://goldsilver.com/industry-news/article/silver-price-forecast-2026-2027-the-bull-case-and-bear-case-laid-out/ * J.P. Morgan Global Research – Silver prices 2026: https://www.jpmorgan.com/insights/global-research/commodities/silver-pricesComex Potential delivery vs registered 85.4% High delivery pressure 74.4M oz / 87.1M oz Days to first notice 2 days JUL 2026 contract The next two days will be exciting to follow🥡
- ·1 päivä sitten · MuokattuSummary of figures in the post below: Demand down 2 %. Extraction plummets. Supply deficit increased by 15 %. Demand for use in solar cells down 19 %, Sales of solar panels have increased more than forecasts, due to high oil prices. Can you provide source references for this.
- 1 päivä sittenSilver at a Technical Crossroads – The Support Zone Is Being Tested Now Silver is trading around $58 per ounce, with an intraday low of $55.67. The market is actively testing the $55–58 support zone I have identified as decisive. The metal is now down nearly 47 percent from its record high in January. TRADING ECONOMICS First resistance sits at $62–64, followed by $68–70. Long-term support at $50–52 is the floor no bull wants to see tested. A break below the $68 zone could trigger a pullback toward $50–60 before buyers return to the market. CoinDCX Three Catalysts in the Weeks Ahead The June CPI report is published July 14 at 8:30 a.m. ET. U.S. Bureau of Labor Statistics Core CPI already rose to 2.9 percent year-over-year in May – the highest since September 2025. TRADING ECONOMICS A reading above expectations strengthens the dollar and pushes silver lower. A softer print could trigger a sharp rally from current oversold levels. The next FOMC meeting is July 28–29, with the rate decision announced July 29. The Fed has held rates unchanged at 3.50–3.75 percent across four consecutive meetings. FedRateCalc Markets are currently pricing in roughly a 68 percent probability of a rate hike in September TRADING ECONOMICS – the single factor most likely to determine whether silver tests the $50–52 zone or stages a V-shaped recovery. The long-term fundamentals remain supportive. Even accounting for a 19 percent decline in silver consumption from the solar sector, 2026 is on track for a sixth consecutive annual supply deficit of 46.3 million ounces, according to Metals Focus and the Silver Institute. IndexBox The key question is straightforward: does $55–58 hold on a weekly closing basis? A break on high volume opens the door to $50–52. A clear rejection higher from this zone is the first signal that a bottom may be forming. Sources: Trading Economics – Silver price and Fed macro https://tradingeconomics.com/commodity/silver Bureau of Labor Statistics – June CPI, released July 14 https://www.bls.gov/news.release/cpi.nr0.htm FedRateCalc – FOMC meeting calendar 2026 https://fedratecalc.com/fomc-meeting-schedule/ IndexBox – Sixth consecutive silver supply deficit 2026 https://www.indexbox.io/blog/silver-market-faces-sixth-consecutive-deficit-despite-solar-industry-cutting-usage/ CoinDCX – Technical analysis and scenario map June 2026 https://coindcx.com/blog/personal-finance/silver-price-forecast/ This is not investment advice. Trading commodities and funds involves risk of loss of invested capital.Here you have evening reading,Symfoni👍🏻 https://goldsilver.com/industry-news/goldsilver-news/silver-market-deficit-2026-six-years-and-getting-worse/
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
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- 1 t sittenPan American Silver (NYSE: PAAS) – Analysis in Light of the Precious Metals Correction Pan American Silver (NYSE: PAAS) is trading at $45.45 on June 26, 2026 — down sharply from its highs earlier this year. Technically, the stock has broken below the floor of a rising medium-term trend channel (Investtech). Key levels to watch: support at $46.60 (currently trading below — a negative signal), next support $28.00, resistance at $64.00. Silver (SI) trades at $59.22, down ~51% from its all-time high of $121.64 reached January 29, 2026. What drove the correction? The cause is macro, not company fundamentals. The hawkish FOMC meeting on June 16–17 under new Fed Chair Kevin Warsh shifted the rate path dramatically. Goldman Sachs removed all 2026 rate cuts from its forecast, pushing expected easing to mid-2027. May CPI at 4.2% YoY and blowout jobs data (172,000 vs. 80,000 consensus) strengthened the dollar and pushed real yields higher — the classic headwind for precious metals. Gold fell below its 200-day moving average for the first time since October 2023, and silver, trading with higher beta, took a proportionally harder hit. Fundamentals remain exceptionally strong Q1 2026 results (May 5) delivered revenue of $1.15 billion (+49.3% YoY), net income of $456 million (+170.9% YoY), and free cash flow of $488 million — lifting cash to a record $1.8 billion. The board approved up to $1 billion in shareholder returns for 2026. The La Colorada Skarn project, with peak production potential of 19+ million silver ounces annually, has been approved for development. Next earnings: August 4, 2026. Consensus EPS: $1.06, revenue: $1.18 billion. PAAS analyst targets (updated June 2026) Consensus: Strong Buy — 15 Buy, 3 Hold, 0 Sell over the past three months. Average 12-month price target: $71.15, implying ~57% upside from $45.45. Most recent ratings: TD Cowen upgraded to Buy May 12, raising target from $67 to $72. RBC Capital set a $75 target on April 28 — the highest among major brokers. Jefferies is the most cautious at $54. Institutional silver price targets (2026) J.P. Morgan: full-year average $81/oz. Goldman Sachs: $85–100/oz average. Citigroup: H2 target $110/oz, citing acute physical supply shortages. HSBC: $75/oz. Reuters 30-analyst survey median: $79.50/oz. At $59 today, silver trades well below most institutional consensus estimates for the year. Institutional gold price targets (2026) Goldman Sachs (revised June 20): $4,900. J.P. Morgan: $5,000–6,000. Wells Fargo: $6,100–6,300. UBS: $5,500. Morgan Stanley: $5,200. Gold trades near $4,190 — all major bank targets imply 17–51% upside from current levels. Bottom line There is a significant disconnect between PAAS's operational strength and its current share price of $45.45. With analyst consensus at $71.15 and record Q1 fundamentals, the stock is pricing in macro fear — not business risk. The key variable is the Fed. If Warsh holds rates high, pressure continues. But in a stagflationary scenario — sticky inflation combined with slowing growth — precious metals are historically among the best-positioned asset classes. The structural case remains intact: six consecutive years of silver supply deficits, surging demand from solar, EVs, and AI infrastructure, and central banks that purchased a net 244 tonnes of gold in Q1 2026 alone. This is not investment advice. Trading in commodities and mining equities involves substantial risk of loss. Sources: TipRanks – PAAS analyst consensus and price targets: https://www.tipranks.com/stocks/paas/forecast Benzinga – PAAS analyst ratings (TD Cowen $72, RBC Capital $75): https://www.benzinga.com/quote/PAAS/analyst-ratings Pan American Silver – Q1 2026 earnings release: https://panamericansilver.com/news/pan-american-silver-reports-first-quarter-2026-financial-results-strong-mine-operating-earnings-lead-to-record-cash-balance-and-an-enhanced-shareholder-return-framework/ Canadian Mining Report – Major bank silver price targets 2026: https://www.canadianminingreport.com/blog/major-banks-remain-bullish-on-silver-here-s-what-they-re-predicting GoldSilver.com – Silver bull/bear outlook 2026–2027: https://goldsilver.com/industry-news/article/silver-price-forecast-2026-2027-the-bull-case-and-bear-case-laid-out/ GoldSilver.com – Major bank gold price targets 2026: https://goldsilver.com/industry-news/article/gold-price-forecast-2026-2027-key-predictions-from-top-analysts/ GoldRepublic – Goldman Sachs revises gold target to $4,900 (June 2026): https://www.goldrepublic.com/en-us/gold-price/forecast
- ·8 t sittenHormuz escalates Saturday night – what does that mean for silver going forward? Saturday night Norwegian time, the USA carried out attacks against four Iranian targets along the Strait of Hormuz and on Qeshm Island, in retaliation for an Iranian attack against a container ship on Thursday. According to Reuters, Iranian security forces responded shortly after with attacks against American military positions in the region – currently unconfirmed by the American military. CNN's military analyst Cedric Leighton characterizes this as "a significant escalation that could quickly get out of control". The timing is important. Silver traded around $59 at closing time Friday June 26 – down from $70+ when the USA-Iran ceasefire was announced on June 15, and far below the January peak of ~$121. The latest downturn was driven by the hawkish FOMC meeting on June 16-17, where the Fed under Kevin Warsh put rate hike fears back on the table after core inflation came in at 4.2% in May. The gold/silver ratio is now around 68.8 – not extreme, but with room for compression if macro turns. The mechanism is well-known: disrupted shipping through Hormuz → oil shock → inflation impulse. But here is the paradox that makes the silver situation complex right now: more inflation is normally negative for silver if it forces the Fed to keep real interest rates high. It was precisely this logic that pushed silver down from $70 to $59 after the FOMC. What, however, would lift silver is if escalation and geopolitical risk lead the market to price in that Warsh does not dare to hike – that the Fed gets "caught" between inflationary pressure and recession fears – and that real interest rates fall. In addition, a genuinely closed Hormuz could trigger flight to safe havens, pushing gold up and pulling silver with it. Short-term, volatility is high both ways. Monday's opening will provide a first signal as to whether the market interprets the escalation as an inflation trap for the Fed or as a geopolitical risk premium that lifts precious metals. Physical deficits in the silver market – six consecutive years according to the Silver Institute – provide a floor under the price, but it is Fed expectations that have practically driven short-term fluctuations in 2026. I hold AuAg Silver Bullet and am closely following the situation leading up to Monday's opening. What is your assessment – do you interpret escalation at Hormuz as net positive or negative for silver given today's Fed picture? This is not investment advice. All investments involve risk and you may lose the entire amount you invest. Sources: * Dagbladet / Reuters – USA-Iran escalation at Hormuz, June 27, 2026: https://www.dagbladet.no/nyheter/reuters-iran-svarer-etter-usa-angrep/84824634 * USAGOLD – Silver price Friday June 26, 2026 ($59.04): https://www.usagold.com/daily-silver-price-history/ * GoldSilver.com – Silver Price Outlook June 2026: https://goldsilver.com/industry-news/article/silver-price-outlook-june-2026/ * GoldSilver.com – Silver Price Forecast 2026–2027: https://goldsilver.com/industry-news/article/silver-price-forecast-2026-2027-the-bull-case-and-bear-case-laid-out/ * J.P. Morgan Global Research – Silver prices 2026: https://www.jpmorgan.com/insights/global-research/commodities/silver-pricesComex Potential delivery vs registered 85.4% High delivery pressure 74.4M oz / 87.1M oz Days to first notice 2 days JUL 2026 contract The next two days will be exciting to follow🥡
- ·1 päivä sitten · MuokattuSummary of figures in the post below: Demand down 2 %. Extraction plummets. Supply deficit increased by 15 %. Demand for use in solar cells down 19 %, Sales of solar panels have increased more than forecasts, due to high oil prices. Can you provide source references for this.
- 1 päivä sittenSilver at a Technical Crossroads – The Support Zone Is Being Tested Now Silver is trading around $58 per ounce, with an intraday low of $55.67. The market is actively testing the $55–58 support zone I have identified as decisive. The metal is now down nearly 47 percent from its record high in January. TRADING ECONOMICS First resistance sits at $62–64, followed by $68–70. Long-term support at $50–52 is the floor no bull wants to see tested. A break below the $68 zone could trigger a pullback toward $50–60 before buyers return to the market. CoinDCX Three Catalysts in the Weeks Ahead The June CPI report is published July 14 at 8:30 a.m. ET. U.S. Bureau of Labor Statistics Core CPI already rose to 2.9 percent year-over-year in May – the highest since September 2025. TRADING ECONOMICS A reading above expectations strengthens the dollar and pushes silver lower. A softer print could trigger a sharp rally from current oversold levels. The next FOMC meeting is July 28–29, with the rate decision announced July 29. The Fed has held rates unchanged at 3.50–3.75 percent across four consecutive meetings. FedRateCalc Markets are currently pricing in roughly a 68 percent probability of a rate hike in September TRADING ECONOMICS – the single factor most likely to determine whether silver tests the $50–52 zone or stages a V-shaped recovery. The long-term fundamentals remain supportive. Even accounting for a 19 percent decline in silver consumption from the solar sector, 2026 is on track for a sixth consecutive annual supply deficit of 46.3 million ounces, according to Metals Focus and the Silver Institute. IndexBox The key question is straightforward: does $55–58 hold on a weekly closing basis? A break on high volume opens the door to $50–52. A clear rejection higher from this zone is the first signal that a bottom may be forming. Sources: Trading Economics – Silver price and Fed macro https://tradingeconomics.com/commodity/silver Bureau of Labor Statistics – June CPI, released July 14 https://www.bls.gov/news.release/cpi.nr0.htm FedRateCalc – FOMC meeting calendar 2026 https://fedratecalc.com/fomc-meeting-schedule/ IndexBox – Sixth consecutive silver supply deficit 2026 https://www.indexbox.io/blog/silver-market-faces-sixth-consecutive-deficit-despite-solar-industry-cutting-usage/ CoinDCX – Technical analysis and scenario map June 2026 https://coindcx.com/blog/personal-finance/silver-price-forecast/ This is not investment advice. Trading commodities and funds involves risk of loss of invested capital.Here you have evening reading,Symfoni👍🏻 https://goldsilver.com/industry-news/goldsilver-news/silver-market-deficit-2026-six-years-and-getting-worse/
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