Source link : https://bq3anews.com/silver-poor-mans-gold-or-a-key-steel-for-the-power-transition/
The “devil’s metal” is terribly unstable: €105.07 an oz on January 29, 2026 in comparison to €62.30 an oz on February 17. However silver, referred to as the “poor man’s gold”, has a key merit: it’s each a treasured steel and an business uncooked subject material essential for the power transition.
Thirsty for gold, the Spanish conquistadors of the sixteenth century dreamed of El Dorado. They have been fallacious: no longer most effective did it no longer exist, it used to be necessarily steel silver that they discovered. Between 1550 and 1660, the volume of silver introduced into Europe is estimated at 18,000 lots for most effective 2,000 lots of gold. Actual wealth used to be no longer gold however silver.
On this century, the 12 months 2025 is marked via historic information in the cost of gold. The evolution of silver used to be much more impressive: its worth greater than tripled and reached greater than 100 euros in keeping with ounce on the finish of January 2026.
Since then, the fad has in part reversed. From the tip of January to the start of February, the asset misplaced about 50 euros in keeping with ounce, reminding traders of its nickname “the devil’s metal”, related to its excessive historic volatility. This decline displays a fast adjustment in macroeconomic expectancies, in particular expectancies of managed inflation and a strengthening buck, following the appointment of the brand new Fed Chair, Kevin Warsh.
This fresh…
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Author : bq3anews
Publish date : 2026-03-08 14:53:00
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