Earlier today, both the ECB and Swiss National Bank reduced interest rates. Neither decision is surprising, given concerns about growth, the uncertainty surrounding Trump’s America First policies, and brewing political turmoil across Europe and its neighbors.
How have gold and silver responded? At the time of writing, both have pulled back—largely due to a US inflation report and overnight profit-taking. However, these are short-term moves. More insight can be gained from the SNB’s decision to cut rates by a larger-than-expected margin. The 50-basis-point move may have been unexpected, but for the SNB, it was an obvious choice. Its statement highlighted economic growth concerns for 2025, political uncertainty in Europe, and the fact that “the future course of economic policy in the US is still uncertain.” While worrisome, this uncertainty bodes well for gold, which historically thrives in such conditions, especially when multiple uncertainty factors come into play.
Did you know that silver is the second most-utilized commodity after oil? It’s not surprising when you consider its reach across our lives—from cell phones and solar panels to virtually anything requiring electricity. The demand for silver, and its diverse sources, is the focus of this week’s video.
AI is emerging as the next big driver of silver’s industrial demand. By 2030, artificial intelligence is projected to contribute a staggering $15.7 trillion to the global economy—none of which is possible without silver.
Jan Skoyles delves into what’s driving the silver market, whether we can expect silver to continue breaking records, and how much of this is influenced by artificial intelligence. She also explores whether silver could serve as a worthy hedge should AI fail to behave as diligently as one might hope
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