An Extraordinary Move in Silver and a Hidden Opportunity in Other Metals

Silver continues its remarkable run. As of Friday morning, the metal is trading just under $64 per ounce, nearly double its price from one year ago. The pace has been extraordinary - on October 9th we broke through $50, two months later we broke $60, and we are now quickly approaching $65. Momentum like this is rare, and it strongly suggests that something unusual is happening behind the scenes in the physical market.

This week’s Federal Reserve rate cut of 25 basis points - smaller than some were hoping for - has added fuel to the rally. Inflationary pressures remain persistent, and both gold and silver moved sharply higher following the announcement. Despite the surge, premiums remain surprisingly low, as many investors continue to sell into strength. That dynamic is creating a compelling window for buyers looking to add ounces at historically favorable spreads.

With gold and silver sitting near all-time highs, we are also focusing attention on two metals that may represent overlooked value: platinum and palladium.


Platinum is trading more than $400 per oz below its all time high from nearly 18 years

Palladium is trading at less than half of its all time highs from three years ago.

As of Friday morning, platinum is currently trading around $1,800 per ounce, far below its all-time high of $2,270 reached nearly 18 years ago. Palladium looks even more striking at about $1,600 per ounce, less than half of its record level of $3,430 set in 2022. Physical supply of both metals is extremely tight - so tight, in fact, that you may see them listed as out of stock on our website. But if you call us, we can source sovereign-minted coins and bars directly for our clients.

For perspective:


• Platinum is roughly 20 times more rare than gold or silver
• Palladium is roughly 30 times more rare than gold or silver

Given their scarcity and historically depressed pricing relative to previous highs, this appears to be a pricing anomaly that could resolve itself favorably for long-term holders. We are seeing increased interest from savvy investors who recognize the setup.

If you would like guidance on silver, platinum, palladium, or building a balanced metals strategy in this rapidly changing environment, call our team at (800) 928-6468. We are extremely busy on both the buy and sell side, but we will always make time to assist you.

Sincerely,

Ryan Denby

CEO, Austin Rare Coins & Bullion


Austin Rare Coins & Bullion 


1-800-928-6468

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