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January 27, 2020

Why is investor demand in precious metals rising?

''Rising Precious Metals Pricing and How It’s Affecting the Market

Every single group of precious metals has been on the move lately. That includes gold, silver, platinum, palladium and rhodium. Precious metal investors are thrilled, and hype in the market is starting to show. Since the metals hit their heights in 2011, we have not since seen the same hype and excitement in the market. However, those who have been getting involved are definitely starting to smile just a bit.

Gold is up almost 20% over the last 365 days. Silver is up about 18%, platinum over 28%, palladium almost 82% and rhodium over 245%. It is interesting that the non-traditional precious metals are outperforming the traditional gold and silver. Regardless, the last year has treated investors of bullion quite well.

How is this affecting the market? How is this affecting small and large coin and bullion dealers?

The truth is that we have seen a steady increase in demand over the last two years, but not quite like in 2011. However, the last few months have shown a large uptick in purchases of the metals. We are starting to see some excitement in the metals and people are starting to stack the metals as they see they have seemingly confirmed an uptrend. If silver and gold prices break the $20 and $1,650 mark respectively, we think demand will increase even further, which will likely have a positive impact on the prices of the metals.

We think those price levels will also start to entice some people to consider selling. For the last few years, we have seen many more buyers than sellers of the metals. Many investors were holding onto their positions, waiting for the metals to rebound closer to their purchase price.

On a whole, the demand for precious metals has been on the upswing, and we think demand will only rise with the increasing prices of the metals. Only the future will show what will happen, but we know gold and silver bullion investors will be on the watch. Rare coin collectors are also starting to get in on the action and are keeping a close eye on the market.''

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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