Both silver (SI=F) and gold (GC=F) have seen their prices soar amid uncertainty in the Federal Reserve’s policy decisions and ongoing geopolitical conflicts. Will silver’s run continue or is this just an anomaly?
Deutsche Bank Research Analyst Michael Hsueh joins Wealth! to give insight into the silver market and what investors can expect for the future of the commodity.
Hsueh explains how Silver works in trading: "It has two different personalities, right? One is as gearing to the global manufacturing cycle, and two, is as a sensitivity to gold, usually with a beta that’s above 1. Right now, with the global manufacturing cycle, not really doing a whole lot. I think in the US certainly, we’ve kind of troughed in the mid-cycle slowdown, in, over the course of ’22 and mid 2023, and now we’re in a very shallow recovery from that. But I think broad picture on the manufacturing cycle is not a very strong input to the silver price at the moment… Right now, it seems to be the sensitivity to gold that is really dominating silver at the moment."
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