In this presentation, Jeffrey Christian of CPM Group discusses the potential for contrasting near-term performances of gold and silver prices, and some of the economic and political reason behind the potential divergence.

This week stronger-than-expected economic data revealed a 2.8% growth in real GDP for the second quarter, leading to heightened market speculation about the potential for a soft landing and whether the United States will avoid a recession. Despite the positive economic indicators, Jeff points out ongoing political and financial challenges both in the U.S. and internationally, leading to CPM Group’s view that a recession will still occur, but later than initially expected.

Jeff also discusses the demand for gold driven by private investors and high net worth individuals, even as central banks have scaled back their purchases. He contrasts this with silver’s more volatile performance, discussing its most recent price movement and potential for further decline.

Courtesy of the CPM Group