The Gold And Silver Renaissance has lasted 25 years so far. Metals prices are at records. Investors and other market participants and observers are asking themselves whether prices are at or near a cyclical peak, similar to those seen in 2011, or maybe a secular end to the 25 years of rising prices, or if there is more to come.

There is more to come. The Renaissance is far from over. For the intermediate term increases in gold and silver prices since 2019 to reach a cyclical peak or a secular long-term top the factors that have caused prices to rise would need to improve dramatically in a way that suggested a permanent or long-term secular change. CPM does not see the economic and political environment improving sufficiently to cause a cyclical peak for several years, and it does not see sufficient improvements to bring about an end to the Gold And Silver Renaissance for at least a decade.

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This CPM Group Market Commentary was sponsored by  Silvercorp, one of the premier silver mining companies. We would like to thank Silvercorp for making this CPM research available free of charge.

Silvercorp offers investors exposure to silver production through its enhanced leverage to the metal. The Company’s mines have been consistently growing and profitable, further bolstered by rising silver prices.

Courtesy of the CPM Group