ব্যঙ্গাত্মক বর্ণনা এবং ফরেক্সের প্রবেশদ্বার বিন্যাস
Silver, platinum narrow gap with gold as rally broadens
The precious metals rally is no longer limited to gold. Silver and platinum have joined the upswing. Analysts at Bank of America note that these metals are closing their price gap with the yellow metal.
Market specialists observe that the precious metals market is broadening, with the gold-to-silver ratio exceeding average levels in April-May. This imbalance is now shrinking, according to the bank.
While gold has reached a historic high of $3,500 per ounce, other metals have lagged behind. Now the gap is narrowing, BofA notes.
The bank's currency strategists maintain their Q4 2025 silver price target at $40 per ounce, citing that industrial demand recovery could support further gains for the white metal.
Regarding platinum, Bank of America highlights an expected supply deficit in 2025 due to reduced production in South Africa, rebounding platinum imports to China, and potential growth in jewelry demand.
"Investment demand in the yellow metal increased by a solid 20% YoY in 1Q25, but jewellery demand proved very price elastic and dropped by 19% YoY," BofA analysts note.
Investment exposure to gold is not yet considered excessive. Currently, investors have allocated 3.5% of their portfolios to the precious metal, which is still modest compared to the 2011 historical peak. Central banks have also boosted their gold reserves, which now stand at nearly "equivalent to just under 18% of outstanding US public debt."
BofA analysts expect gold to find near-term support from interest rate volatility and dollar weakness. Under this scenario, the yellow metal could reach $4,000 per ounce within the next 12 months.
প্রকাশিত 18 June 2025
© InstaFintech Group
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© InstaFintech Group
