Saxo Market Call Silver rips as Musk-Trump bromance trips
9 snips
Jun 6, 2025 
Join Ole Hansen, Saxo's Head of Commodity Strategy, as he dives into the fascinating world of silver and platinum amidst shifting market dynamics. He discusses the recent spike of silver hitting new 13-year highs and how economic indicators like job reports and interest rates shape its future. Hansen also analyzes the impact of the Musk-Trump fallout on US markets, revealing its implications beyond just Tesla. Tune in for insights on how industrial and financial interests are evolving in these uncertain economic times!
AI Snips
Chapters
Transcript
Episode notes
ECB Signals End to Rate Cuts
- ECB indicated the rate cut cycle may be ending, lifting European short-term rates.
- US jobless claims data showed two consecutive bad prints, pressuring US yields to lows from early May before a modest rebound.
Silver and Platinum Outperform Gold
- Silver and platinum have surged nearly 10% this week, outpacing gold's 2% rise.
- This reflects growing investor interest in tangible assets amid debt concerns and a stalling gold market.
Supply Deficits Support Prices
- The supply deficits projected for silver and platinum in 2025 tighten markets and support prices.
- Increased financial investor demand through ETFs could accelerate this price strength.