Opinions on gold, silver and platinum

For the annual average of the gold price, the LBMA analysts expect 1,859 U.S. dollars per ounce, thus a cooling of the price after the brilliant start to the year. This would correspond to an increase of 3.3 percent. For comparison, in 2022 the average price was 1,800.09 U.S. dollars per ounce. For the silver price, they forecast an increase of 8.8 percent, thus to an average price of 23.65 US dollars per ounce. The comparable figure from 2022 was US$21.73. The analysts were particularly optimistic about platinum. The price of the precious metal is expected to increase by around 12 percent, thus moving up to an average of 1,080 U.S. dollars per ounce (960.50 U.S. dollars in 2022). Drivers for the gold price are the US dollar, the Fed’s monetary policy and inflation, as well as geopolitical risks. There are also analysts who believe that gold will reach an average price of 2,000 U.S. dollars. This is because bond yields, the U.S. dollar and U.S. money market interest rates were impediments to the gold price in 2022, but this year they will provide a tailwind.

Thorsten Polleit, chief economist at Degussa, is also positive and forecasts $2,000 per ounce as the average price. He assumes that the major central banks will lower interest rates in the second half of 2023, which will support the gold price. As with gold, opinions are divided on silver. Whether it will be 17 or 27 US dollars per ounce of fine silver, those who want to bet on precious metals can do so, for example, with an investment in Calibre Mining or Sibanye-Stillwater.

Calibre Mining – https://www.commodity-tv.com/play/newsflash-with-victoria-gold-calibre-mining-consolidated-uranium-cypress-development-and-alpha-lithium/ – takes care of gold properties in North and South America (USA and Nicaragua), is already producing and growing.

Sibanye-Stillwater – https://www.commodity-tv.com/play/mining-newsflash-with-vizsla-silver-torq-resources-first-tin-sibanye-stillwater-and-mawson-gold/ – is one of the largest platinum and palladium producers, also produces gold (USA and Africa) and has entered the battery metals sector.

Current corporate information and press releases from Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -) and Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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