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Greetings and welcome to Thursday’s precious metals news.
Silver jewelry demand is expected to rebound in 2021 and the bullish gold run we are now riding is not expected to stop anytime soon. That’s just some of the news we have for you today. You can get the details on those reports along with more precious metals news below.
Let’s dig in…

Latest News
Gold Plunges $20 in Minutes, Drops to $1837
Gold broke below $1850 and tumbled to $1837, reaching the lowest level since Monday. It lost more than $20 in a few minutes and then rebounded back toward the $1850 area. The move was triggered by technical factors and a stronger US dollar across the board. The US Dollar Index jumped to 91.05, boosted particularly by a rally of the greenback against main European currencies. At the same time, US yields printed fresh highs, and Wall Street indexes turned negative. Market participants await the outcome of Brexit negotiations and look to…
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Commentary
Expect Silver Jewelry Demand to Rebound Sharply in 2021, Says the Silver Institute
Silver’s use in jewelry is an important demand source for the precious metal. In 2019, 200.2 million ounces (Moz) of silver were consumed in this sector, which was just shy of the record high of 201.9 Moz posted in 2018. Although silver jewelry consumption currently accounts for 20 percent of total silver demand, it is projected to rise to a quarter of global silver demand by the mid-2020s, further underscoring the popularity and desirability of silver jewelry among leading designers and fashion-conscious consumers. Against this backdrop, a new publication released today by the Silver Institute, Silver Jewelry Report, assesses the current state and prospects of the top silver jewelry fabricating markets, including the U.S., India, Europe and East Asia. The report was produced by Metals Focus, the global precious metals consultancy.
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Commentary
Mike Maloney Asks, “Is Bitcoin Diverting Capital from the Gold and Silver Markets?”
Is Bitcoin diverting capital away from the gold and silver markets? Why does Mike own cryptocurrencies, and when did he start buying them? Why does Mike believe that anyone who owns only cryptos is in a ‘fragile’ position? How do you become ‘anti-fragile’?
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Price
Don’t Expect the Bull Run on Gold to End Soon
A vaccine is unlikely to end gold’s cyclical bull run in 2021. Rising inflation expectations, lower real yields, a weaker dollar and a likely recovery in physical demand from some major emerging market consumers should see gold moving higher in 2021.

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Commentary
Solar Panel Demand Keeps Silver Sizzling
Silver has always been a wily beast for investors due to its dual precious metal/industrial metal uses, and 2021 sees silver rising on both. That contrasts with 2011, when a proper bubble in silver developed on rank speculation linked to a tumbling US dollar and the Fed’s seemingly radical monetary policy of QE2 from late 2010. QE scary? How times have changed. 2021 brings the usual suspects that power silver higher on its hard asset/precious metal side as the…
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Economy
Bitcoin Will Beat Up Gold for Years, Says JPMorgan
The rise of cryptocurrencies in mainstream finance is coming at the expense of gold, says JPMorgan Chase and Co. Money has poured into Bitcoin funds and out of gold since October, a trend that’s only going to continue in the long run as more institutional investors take a position in cryptocurrencies, according to the bank’s quantitative strategists including Nikolaos Panigirtzoglou. JPMorgan is one of the few Wall Street banks that’s predicting a major shift in gold and crypto markets as digital currencies become increasingly popular as an asset class. The trend poses a problem for bulls in precious metals markets over the coming years if investors move, even a small slice, of their allocations away from gold and into crypto. “The adoption of bitcoin by institutional investors has only begun, while for gold its…
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Gold Silver Central

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