- The Cash Silver Index has posted a high near $66.88 during December, up 131% for the year.
- With demand for green energy technology growing globally, except for the United States, silver supplies are expected to continue to tighten during 2026.
- Gold and copper could see mixed results next year, for much the same reason - intentionally created economic and political uncertainty.
Earlier this week, Monday morning if I recall, I was watching CNBC’s Squawk Box Europe to catch what the hot topics of the day might be in the US. Early in the program, the guest was John Meyer, Partner and Mining Analyst at SP Angel of London, was discussing the outlook for the Metals sector next year. Mr. Meyer mentioned how 2026 could be a “home run” for gold, silver, and copper for a variety of fundamental reasons. Starting with gold, the driver continues to be central bank buying, particularly from countries in the BRICS alliance (Brazil, Russia, India, China, South Africa, and their allies) in an ongoing attempt to move the world away from the US dollar. Mr. Meyer’s outlook for gold was north of $5,000, echoing my projection from back in October. His projection for silver was even more dramatic with a target of more than $70 as global demand from solar panels and electric vehicles could create a supply shortage. (And when I say global, I mean everywhere but the United States where “green” is a 4-letter word. Yes, I know, but that’s how things are these days.) However, we differ on our copper outlook, as you’ll see.
