Tunnusluvut
Riskitaso
?
Korkea: 6 / 7
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 31.12.2025
Jakauma
- Osakkeet93,7%
- Muut4,5%
- Lyhyt korko1,9%
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
·19 min sittenWhen silver tests psychological limits – and the market holds its breath It is striking how both gold and silver are now pushing against clear psychological levels. Around 4,500 for gold and 80 for silver, something more than just usual pricing is happening. The market hesitates. Not because fundamental conditions are suddenly unclear, but because round numbers have an inherent power over investors' expectations. In the silver market, this effect is particularly strong. Silver is a small market compared to gold, and therefore relatively small capital flows can have large impacts. When the price approaches a level "everyone" is watching, order books fill up. Some take profit for fear of setbacks, others wait for confirmation before they dare to buy. The result is that the price hovers, just as we see now. At the same time, silver is caught between two identities. It is both a precious metal and an industrial metal. When the price is pushed towards 80, the question many are reluctant to answer arises. Should silver be priced more like gold, driven by distrust in fiat currencies and financial systems, or as a cyclically sensitive commodity linked to industry and technology? This uncertainty creates stagnation, even in a market with strong long-term drivers. Historical memory also plays a large role. Many still remember the massive movements in silver in 1980 and 2011. When new highs approach, both greed and fear awaken simultaneously. This causes many to sell earlier than they otherwise would have, not because they believe the top has been reached, but because they fear the volatility that may come. The interesting thing is what happens when such levels are tested again and again without a sharp fall. Gradually, selling interest is depleted, and resistance weakens. When the breakout first comes, it often happens quickly. Stop-loss orders, trend followers, and algorithms amplify the movement, and the market goes from hesitation to acceleration in a short time. Next week could be extra exciting with the rebalancing of commodity indices. Such changes are mechanical and emotionless, but precisely therefore they can be decisive. In a market that is already mentally tense around a psychological level, forced capital flows can be what tips the scales. When silver now pushes towards 80, it is not just a number being tested. It is the market's collective will to accept that a new price zone may be becoming the norm. ⸻ Kilder og videre lesning: LBMA. Precious Metals Market Statistics og prisdata https://www.lbma.org.uk/market-data CME Group. Silver Futures and Options. Markedsstruktur og likviditet https://www.cmegroup.com/markets/metals/precious/silver.html S&P Dow Jones Indices. Methodology for S&P GSCI og råvareindekser https://www.spglobal.com/spdji/en/indices/commodities/sp-gsci/ World Silver Survey (Silver Institute). Markedsbalanse, etterspørsel og investeringsstrømmer https://www.silverinstitute.org Goldman Sachs. Commodities Outlook og analyse av volatilitet i råvaremarkedet https://www.goldmansachs.com/insights/pages/commodities.html
·3 t sittenThere will be a nice update on Monday. Good evening :)
·5 t sittenNot that this has anything directly to do with silver, but when I read this article, I get my thoughts about how "corrupt" Trump is when he shares this on his channel. https://finance.yahoo.com/news/trump-posted-unpublished-jobs-data-184043351.html How many other news items has he shared with his "friends". Not so few, I think!!- ·5 t sittenS&P 500 over 7000 – what does that actually mean for the price of silver? 🚀🥈 The S&P 500 has now surpassed 7000 points and continues to set new records. Looking at the development in a longer perspective, the increase is remarkable. From around 1,500 points in the early 2000s to over 7000 today, the index has risen several hundred percent. This growth has largely been driven by low interest rates, massive liquidity injections, and strong debt growth in the financial system. The question many investors are now asking is what this actually says about other assets, especially silver. Is the strength of the stock market a sign that precious metals have lost their relevance, or is it rather a signal that the system is starting to become stretched? The correlation between the S&P 500 and silver is often weak in the short term, but the connection is clear at a systemic level. Both are affected by monetary policy and capital flows. When central banks push interest rates down and inject large amounts of liquidity, money first flows into financial assets like stocks. Silver and gold typically come later in the cycle, when inflationary pressure, increasing volatility, and uncertainty begin to emerge. Historically, silver has often performed best towards the end of up-cycles, as seen in the periods around the 1970s, early 1980s, and during the financial crisis from 2007 to 2009, where silver at times significantly outperformed the stock market. An interesting metric in this context is the ratio between silver and the S&P 500. This ratio is currently at historically low levels, around 0.0055 to 0.01, which has previously coincided with bottoms in silver relative to stocks. In the early 2000s, this ratio was at similar levels before silver began a multi-year rally of over 500 percent. This does not mean that history repeats itself identically, but it illustrates how skewed the relationship between financial assets and real assets can become before a repricing takes place. The gold-silver ratio also provides an important signal. It is currently around 59 to 60 to 1, lower than the peaks we saw earlier in the cycle, but still high from a historical perspective. In periods where silver truly catches up, this ratio tends to fall rapidly. This often happens when investors both seek monetary hedging and simultaneously price in increasing industrial demand. This is precisely where silver differs from gold in today's market. Over half of the demand for silver is industrial, with applications in solar cell production, electrification, electric vehicles, AI data centers, and high-tech electronics. This demand has reached record levels in recent years and is expected to continue to grow towards 2030, driven by the green transition and increasing global energy needs. Silver is thus at the intersection of monetary hedging and strategic raw material, which gives it an asymmetric risk profile compared to many other assets. The strong rise in the S&P 500 should therefore not necessarily be interpreted as an argument against silver. Rather, it can be seen as a symptom of a system where nominal growth in financial assets largely reflects weakened purchasing power in fiat currencies. The stock market can hide this for a long time through rising prices, but when confidence begins to waver or real values are repriced, silver has historically been among the assets that react fastest and most strongly. What do you think? Do you have silver in your portfolio as a hedge against inflation and volatility, or do you believe other assets have taken over this role in today's market cycle? Do you think we are facing a period where silver will again catch up with the stock market, as we have seen in previous late cycles? Sources: 🔗 Why Silver’s Historic Undervaluation Relative to Gold Signals a High-Probability Buy Opportunity in 2026: https://www.ainvest.com/news/silver-historic-undervaluation-relative-gold-signals-high-probability-buy-opportunity-2026-2512/ 🔗 Gold-Silver Ratio Guide (USAGOLD): https://www.usagold.com/gold-silver-ratio-guide/ 🔗 Silver Price Outlook: Why Silver Is Stronger Than Gold Right Now: https://acy.com/en/market-news/market-analysis/silver-price-outlook-gold-silver-ratio-strength-j-o-2026-01-08-102106/ 🔗 Silver’s Breakout: Beyond the Gold Ratio with Industrial Demand Surge: https://www.ainvest.com/news/silver-breakout-gold-ratio-industrial-demand-surge-2512/ 🔗 The Gold-Silver Ratio: Your Hidden Edge in Precious Metals Investing: https://gold-standard.org/insights/the-gold-silver-ratio-your-hidden 🔗 Silver Demand–Supply Mismatch (DSP-NETRA Report): https://www.dspim.com/media/pages/latest-literature/4dca0f9292-1741152138/dspnetra-mar-25.pdf 🔗 Commodities Outlook 2026 (IG International): https://www.ig.com/en/news-and-trade-ideas/commodities-market-outlook-for-2026-251212
- ·5 t sittenCooling job numbers from the USA support the silver price The latest job figures from the USA, showing weaker employment growth than expected while unemployment slightly recedes, send a mixed signal to the markets. For the silver price, however, this is largely a positive backdrop. When job numbers indicate that the economy is cooling down, the probability increases that the Federal Reserve will hold back on a tight monetary policy or, in the long run, open up for interest rate cuts. Lower interest rate prospects reduce the return on interest-bearing investments and often push real interest rates down, which historically has been favorable for precious metals like silver. Silver is also indirectly affected through the dollar. Weaker macro figures from the USA can weaken the dollar, and a weaker dollar makes silver cheaper for buyers outside the USA. This can contribute to increased international demand. At the same time, silver often functions as a combination of precious metal and industrial metal, meaning that investors consider both monetary policy and economic cycles. In periods where the market expects more stimulus from central banks, the monetary effect often weighs heavier than concerns about lower industrial growth. The sum of this is that cooling job numbers strengthen the narrative of lower interest rates and more monetary policy support going forward. This provides a foundation that can support the silver price, especially if more macro figures confirm that the American economy is losing momentum. In the short term, volatility can be high, but in an environment with falling real interest rates and increased uncertainty, silver still appears attractive to many investors.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen 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
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 31.12.2025
Jakauma
- Osakkeet93,7%
- Muut4,5%
- Lyhyt korko1,9%
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·19 min sittenWhen silver tests psychological limits – and the market holds its breath It is striking how both gold and silver are now pushing against clear psychological levels. Around 4,500 for gold and 80 for silver, something more than just usual pricing is happening. The market hesitates. Not because fundamental conditions are suddenly unclear, but because round numbers have an inherent power over investors' expectations. In the silver market, this effect is particularly strong. Silver is a small market compared to gold, and therefore relatively small capital flows can have large impacts. When the price approaches a level "everyone" is watching, order books fill up. Some take profit for fear of setbacks, others wait for confirmation before they dare to buy. The result is that the price hovers, just as we see now. At the same time, silver is caught between two identities. It is both a precious metal and an industrial metal. When the price is pushed towards 80, the question many are reluctant to answer arises. Should silver be priced more like gold, driven by distrust in fiat currencies and financial systems, or as a cyclically sensitive commodity linked to industry and technology? This uncertainty creates stagnation, even in a market with strong long-term drivers. Historical memory also plays a large role. Many still remember the massive movements in silver in 1980 and 2011. When new highs approach, both greed and fear awaken simultaneously. This causes many to sell earlier than they otherwise would have, not because they believe the top has been reached, but because they fear the volatility that may come. The interesting thing is what happens when such levels are tested again and again without a sharp fall. Gradually, selling interest is depleted, and resistance weakens. When the breakout first comes, it often happens quickly. Stop-loss orders, trend followers, and algorithms amplify the movement, and the market goes from hesitation to acceleration in a short time. Next week could be extra exciting with the rebalancing of commodity indices. Such changes are mechanical and emotionless, but precisely therefore they can be decisive. In a market that is already mentally tense around a psychological level, forced capital flows can be what tips the scales. When silver now pushes towards 80, it is not just a number being tested. It is the market's collective will to accept that a new price zone may be becoming the norm. ⸻ Kilder og videre lesning: LBMA. Precious Metals Market Statistics og prisdata https://www.lbma.org.uk/market-data CME Group. Silver Futures and Options. Markedsstruktur og likviditet https://www.cmegroup.com/markets/metals/precious/silver.html S&P Dow Jones Indices. Methodology for S&P GSCI og råvareindekser https://www.spglobal.com/spdji/en/indices/commodities/sp-gsci/ World Silver Survey (Silver Institute). Markedsbalanse, etterspørsel og investeringsstrømmer https://www.silverinstitute.org Goldman Sachs. Commodities Outlook og analyse av volatilitet i råvaremarkedet https://www.goldmansachs.com/insights/pages/commodities.html
- ·3 t sittenThere will be a nice update on Monday. Good evening :)
- ·5 t sittenNot that this has anything directly to do with silver, but when I read this article, I get my thoughts about how "corrupt" Trump is when he shares this on his channel. https://finance.yahoo.com/news/trump-posted-unpublished-jobs-data-184043351.html How many other news items has he shared with his "friends". Not so few, I think!!
- ·5 t sittenS&P 500 over 7000 – what does that actually mean for the price of silver? 🚀🥈 The S&P 500 has now surpassed 7000 points and continues to set new records. Looking at the development in a longer perspective, the increase is remarkable. From around 1,500 points in the early 2000s to over 7000 today, the index has risen several hundred percent. This growth has largely been driven by low interest rates, massive liquidity injections, and strong debt growth in the financial system. The question many investors are now asking is what this actually says about other assets, especially silver. Is the strength of the stock market a sign that precious metals have lost their relevance, or is it rather a signal that the system is starting to become stretched? The correlation between the S&P 500 and silver is often weak in the short term, but the connection is clear at a systemic level. Both are affected by monetary policy and capital flows. When central banks push interest rates down and inject large amounts of liquidity, money first flows into financial assets like stocks. Silver and gold typically come later in the cycle, when inflationary pressure, increasing volatility, and uncertainty begin to emerge. Historically, silver has often performed best towards the end of up-cycles, as seen in the periods around the 1970s, early 1980s, and during the financial crisis from 2007 to 2009, where silver at times significantly outperformed the stock market. An interesting metric in this context is the ratio between silver and the S&P 500. This ratio is currently at historically low levels, around 0.0055 to 0.01, which has previously coincided with bottoms in silver relative to stocks. In the early 2000s, this ratio was at similar levels before silver began a multi-year rally of over 500 percent. This does not mean that history repeats itself identically, but it illustrates how skewed the relationship between financial assets and real assets can become before a repricing takes place. The gold-silver ratio also provides an important signal. It is currently around 59 to 60 to 1, lower than the peaks we saw earlier in the cycle, but still high from a historical perspective. In periods where silver truly catches up, this ratio tends to fall rapidly. This often happens when investors both seek monetary hedging and simultaneously price in increasing industrial demand. This is precisely where silver differs from gold in today's market. Over half of the demand for silver is industrial, with applications in solar cell production, electrification, electric vehicles, AI data centers, and high-tech electronics. This demand has reached record levels in recent years and is expected to continue to grow towards 2030, driven by the green transition and increasing global energy needs. Silver is thus at the intersection of monetary hedging and strategic raw material, which gives it an asymmetric risk profile compared to many other assets. The strong rise in the S&P 500 should therefore not necessarily be interpreted as an argument against silver. Rather, it can be seen as a symptom of a system where nominal growth in financial assets largely reflects weakened purchasing power in fiat currencies. The stock market can hide this for a long time through rising prices, but when confidence begins to waver or real values are repriced, silver has historically been among the assets that react fastest and most strongly. What do you think? Do you have silver in your portfolio as a hedge against inflation and volatility, or do you believe other assets have taken over this role in today's market cycle? Do you think we are facing a period where silver will again catch up with the stock market, as we have seen in previous late cycles? Sources: 🔗 Why Silver’s Historic Undervaluation Relative to Gold Signals a High-Probability Buy Opportunity in 2026: https://www.ainvest.com/news/silver-historic-undervaluation-relative-gold-signals-high-probability-buy-opportunity-2026-2512/ 🔗 Gold-Silver Ratio Guide (USAGOLD): https://www.usagold.com/gold-silver-ratio-guide/ 🔗 Silver Price Outlook: Why Silver Is Stronger Than Gold Right Now: https://acy.com/en/market-news/market-analysis/silver-price-outlook-gold-silver-ratio-strength-j-o-2026-01-08-102106/ 🔗 Silver’s Breakout: Beyond the Gold Ratio with Industrial Demand Surge: https://www.ainvest.com/news/silver-breakout-gold-ratio-industrial-demand-surge-2512/ 🔗 The Gold-Silver Ratio: Your Hidden Edge in Precious Metals Investing: https://gold-standard.org/insights/the-gold-silver-ratio-your-hidden 🔗 Silver Demand–Supply Mismatch (DSP-NETRA Report): https://www.dspim.com/media/pages/latest-literature/4dca0f9292-1741152138/dspnetra-mar-25.pdf 🔗 Commodities Outlook 2026 (IG International): https://www.ig.com/en/news-and-trade-ideas/commodities-market-outlook-for-2026-251212
- ·5 t sittenCooling job numbers from the USA support the silver price The latest job figures from the USA, showing weaker employment growth than expected while unemployment slightly recedes, send a mixed signal to the markets. For the silver price, however, this is largely a positive backdrop. When job numbers indicate that the economy is cooling down, the probability increases that the Federal Reserve will hold back on a tight monetary policy or, in the long run, open up for interest rate cuts. Lower interest rate prospects reduce the return on interest-bearing investments and often push real interest rates down, which historically has been favorable for precious metals like silver. Silver is also indirectly affected through the dollar. Weaker macro figures from the USA can weaken the dollar, and a weaker dollar makes silver cheaper for buyers outside the USA. This can contribute to increased international demand. At the same time, silver often functions as a combination of precious metal and industrial metal, meaning that investors consider both monetary policy and economic cycles. In periods where the market expects more stimulus from central banks, the monetary effect often weighs heavier than concerns about lower industrial growth. The sum of this is that cooling job numbers strengthen the narrative of lower interest rates and more monetary policy support going forward. This provides a foundation that can support the silver price, especially if more macro figures confirm that the American economy is losing momentum. In the short term, volatility can be high, but in an environment with falling real interest rates and increased uncertainty, silver still appears attractive to many investors.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen 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
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.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·19 min sittenWhen silver tests psychological limits – and the market holds its breath It is striking how both gold and silver are now pushing against clear psychological levels. Around 4,500 for gold and 80 for silver, something more than just usual pricing is happening. The market hesitates. Not because fundamental conditions are suddenly unclear, but because round numbers have an inherent power over investors' expectations. In the silver market, this effect is particularly strong. Silver is a small market compared to gold, and therefore relatively small capital flows can have large impacts. When the price approaches a level "everyone" is watching, order books fill up. Some take profit for fear of setbacks, others wait for confirmation before they dare to buy. The result is that the price hovers, just as we see now. At the same time, silver is caught between two identities. It is both a precious metal and an industrial metal. When the price is pushed towards 80, the question many are reluctant to answer arises. Should silver be priced more like gold, driven by distrust in fiat currencies and financial systems, or as a cyclically sensitive commodity linked to industry and technology? This uncertainty creates stagnation, even in a market with strong long-term drivers. Historical memory also plays a large role. Many still remember the massive movements in silver in 1980 and 2011. When new highs approach, both greed and fear awaken simultaneously. This causes many to sell earlier than they otherwise would have, not because they believe the top has been reached, but because they fear the volatility that may come. The interesting thing is what happens when such levels are tested again and again without a sharp fall. Gradually, selling interest is depleted, and resistance weakens. When the breakout first comes, it often happens quickly. Stop-loss orders, trend followers, and algorithms amplify the movement, and the market goes from hesitation to acceleration in a short time. Next week could be extra exciting with the rebalancing of commodity indices. Such changes are mechanical and emotionless, but precisely therefore they can be decisive. In a market that is already mentally tense around a psychological level, forced capital flows can be what tips the scales. When silver now pushes towards 80, it is not just a number being tested. It is the market's collective will to accept that a new price zone may be becoming the norm. ⸻ Kilder og videre lesning: LBMA. Precious Metals Market Statistics og prisdata https://www.lbma.org.uk/market-data CME Group. Silver Futures and Options. Markedsstruktur og likviditet https://www.cmegroup.com/markets/metals/precious/silver.html S&P Dow Jones Indices. Methodology for S&P GSCI og råvareindekser https://www.spglobal.com/spdji/en/indices/commodities/sp-gsci/ World Silver Survey (Silver Institute). Markedsbalanse, etterspørsel og investeringsstrømmer https://www.silverinstitute.org Goldman Sachs. Commodities Outlook og analyse av volatilitet i råvaremarkedet https://www.goldmansachs.com/insights/pages/commodities.html
- ·3 t sittenThere will be a nice update on Monday. Good evening :)
- ·5 t sittenNot that this has anything directly to do with silver, but when I read this article, I get my thoughts about how "corrupt" Trump is when he shares this on his channel. https://finance.yahoo.com/news/trump-posted-unpublished-jobs-data-184043351.html How many other news items has he shared with his "friends". Not so few, I think!!
- ·5 t sittenS&P 500 over 7000 – what does that actually mean for the price of silver? 🚀🥈 The S&P 500 has now surpassed 7000 points and continues to set new records. Looking at the development in a longer perspective, the increase is remarkable. From around 1,500 points in the early 2000s to over 7000 today, the index has risen several hundred percent. This growth has largely been driven by low interest rates, massive liquidity injections, and strong debt growth in the financial system. The question many investors are now asking is what this actually says about other assets, especially silver. Is the strength of the stock market a sign that precious metals have lost their relevance, or is it rather a signal that the system is starting to become stretched? The correlation between the S&P 500 and silver is often weak in the short term, but the connection is clear at a systemic level. Both are affected by monetary policy and capital flows. When central banks push interest rates down and inject large amounts of liquidity, money first flows into financial assets like stocks. Silver and gold typically come later in the cycle, when inflationary pressure, increasing volatility, and uncertainty begin to emerge. Historically, silver has often performed best towards the end of up-cycles, as seen in the periods around the 1970s, early 1980s, and during the financial crisis from 2007 to 2009, where silver at times significantly outperformed the stock market. An interesting metric in this context is the ratio between silver and the S&P 500. This ratio is currently at historically low levels, around 0.0055 to 0.01, which has previously coincided with bottoms in silver relative to stocks. In the early 2000s, this ratio was at similar levels before silver began a multi-year rally of over 500 percent. This does not mean that history repeats itself identically, but it illustrates how skewed the relationship between financial assets and real assets can become before a repricing takes place. The gold-silver ratio also provides an important signal. It is currently around 59 to 60 to 1, lower than the peaks we saw earlier in the cycle, but still high from a historical perspective. In periods where silver truly catches up, this ratio tends to fall rapidly. This often happens when investors both seek monetary hedging and simultaneously price in increasing industrial demand. This is precisely where silver differs from gold in today's market. Over half of the demand for silver is industrial, with applications in solar cell production, electrification, electric vehicles, AI data centers, and high-tech electronics. This demand has reached record levels in recent years and is expected to continue to grow towards 2030, driven by the green transition and increasing global energy needs. Silver is thus at the intersection of monetary hedging and strategic raw material, which gives it an asymmetric risk profile compared to many other assets. The strong rise in the S&P 500 should therefore not necessarily be interpreted as an argument against silver. Rather, it can be seen as a symptom of a system where nominal growth in financial assets largely reflects weakened purchasing power in fiat currencies. The stock market can hide this for a long time through rising prices, but when confidence begins to waver or real values are repriced, silver has historically been among the assets that react fastest and most strongly. What do you think? Do you have silver in your portfolio as a hedge against inflation and volatility, or do you believe other assets have taken over this role in today's market cycle? Do you think we are facing a period where silver will again catch up with the stock market, as we have seen in previous late cycles? Sources: 🔗 Why Silver’s Historic Undervaluation Relative to Gold Signals a High-Probability Buy Opportunity in 2026: https://www.ainvest.com/news/silver-historic-undervaluation-relative-gold-signals-high-probability-buy-opportunity-2026-2512/ 🔗 Gold-Silver Ratio Guide (USAGOLD): https://www.usagold.com/gold-silver-ratio-guide/ 🔗 Silver Price Outlook: Why Silver Is Stronger Than Gold Right Now: https://acy.com/en/market-news/market-analysis/silver-price-outlook-gold-silver-ratio-strength-j-o-2026-01-08-102106/ 🔗 Silver’s Breakout: Beyond the Gold Ratio with Industrial Demand Surge: https://www.ainvest.com/news/silver-breakout-gold-ratio-industrial-demand-surge-2512/ 🔗 The Gold-Silver Ratio: Your Hidden Edge in Precious Metals Investing: https://gold-standard.org/insights/the-gold-silver-ratio-your-hidden 🔗 Silver Demand–Supply Mismatch (DSP-NETRA Report): https://www.dspim.com/media/pages/latest-literature/4dca0f9292-1741152138/dspnetra-mar-25.pdf 🔗 Commodities Outlook 2026 (IG International): https://www.ig.com/en/news-and-trade-ideas/commodities-market-outlook-for-2026-251212
- ·5 t sittenCooling job numbers from the USA support the silver price The latest job figures from the USA, showing weaker employment growth than expected while unemployment slightly recedes, send a mixed signal to the markets. For the silver price, however, this is largely a positive backdrop. When job numbers indicate that the economy is cooling down, the probability increases that the Federal Reserve will hold back on a tight monetary policy or, in the long run, open up for interest rate cuts. Lower interest rate prospects reduce the return on interest-bearing investments and often push real interest rates down, which historically has been favorable for precious metals like silver. Silver is also indirectly affected through the dollar. Weaker macro figures from the USA can weaken the dollar, and a weaker dollar makes silver cheaper for buyers outside the USA. This can contribute to increased international demand. At the same time, silver often functions as a combination of precious metal and industrial metal, meaning that investors consider both monetary policy and economic cycles. In periods where the market expects more stimulus from central banks, the monetary effect often weighs heavier than concerns about lower industrial growth. The sum of this is that cooling job numbers strengthen the narrative of lower interest rates and more monetary policy support going forward. This provides a foundation that can support the silver price, especially if more macro figures confirm that the American economy is losing momentum. In the short term, volatility can be high, but in an environment with falling real interest rates and increased uncertainty, silver still appears attractive to many investors.
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