In this presentation, Jeffrey Christian of CPM Group looks at the current state of the precious metals markets, focusing on the conflicting factors shaping gold, silver, platinum, and palladium prices. He explains why metals have entered a volatile consolidation phase despite strong investor demand.

Jeff discusses how seasonality, which tends to keep prices weaker in the summer, are now competing with ongoing economic and political uncertainties, including inflation, interest rate expectations, and political risks.

He emphasizes that while mine production, secondary recovery, and fabrication demand suggest current precious metals prices are elevated, investment demand continues to be a support for these historically high prices.

Courtesy of the CPM Group