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Unusual situation in gold and silver markets may spark big price moves
From Money Metals Exchange, Eagle, Idaho
Tuesday, January 14,2025
The monetary metals pulled back sharply yesterday but have entered Tuesday on stable footing. Silver is trading at $29.90 and gold is $2,674.
The ongoing volatility is a reflection of uncertainty in the gold and silver markets globally, including fears of import tariffs from the incoming Trump administration.
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If Trump slaps a tariff of, say, 10% on precious metals coming into the United States, that would have a huge impact. Ten percent on silver would amount to $3 per ounce!
As a result of this worry, the prices of gold and silver -- as traded on the New York futures market -- have risen sharply above the prices for the same metals seen simultaneously in other markets across the globe.
In silver, for example, the spread between London spot and New York futures has recently reached as high as $1 per ounce.
This spread has also created a big incentive for parties all over the world to get their gold and silver into the U.S. before any tariffs are imposed. ...
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Apollo Silver Corp.
Barksdale Resources
Dolly Varden Silver Corp.
Dryden Gold Corp.
Group Eleven Resources
Guanajuato Silver
IBK Capital Corp.
Independent Trading Group
Mining Discovery
Power Nickel
Silver North
The National Investor
The Prospector
Western Alaska Minerals
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