Precious Metal Pulse: Past Year Performance & Future Outlook for Gold, Silver & PGMs

 The eight metals generally recognized as precious are: Gold, Silver, Platinum, Palladium, Rhodium, Ruthenium, Iridium and Osmium.

We’ll look at the first five with an overview of how these precious metals have performed over the past year (roughly June 2024 to July2025) and their demand outlook for the coming years

These metals, valued for their rarity and unique properties, serve as both investment assets and industrial materials.

Gold: A Safe-Haven Stalwart: -Gold has experienced robust growth, appreciating approximately 43% from $2,300-$2,400 per troy ounce in June 2024 to around $3,352 by July 14, 2025. Its strong performance is fueled by geopolitical tensions, central bank buying to diversify reserves, macroeconomic uncertainties, and inflation concerns. As a safe-haven asset, gold thrives in low real interest rate environments. Analysts are bullish, forecasting prices to reach $3,500-$4,000 per ounce in the next few years, with some projecting $5,000-$10,000 by 2030.

Silver: Dual-Demand Dynamo: -Silver has also performed strongly, gaining about 32% from $29-$30 per ounce in June 2024 to $39.12 by July 2025. Its appeal stems from its dual role as both a safe-haven investment and an industrial metal critical for solar panels, electric vehicles (EVs), electronics, and medical applications. The global push for green energy is a significant tailwind. Forecasts suggest silver could reach $40-$50 per ounce soon, with some projections as high as $70 by 2030, driven by industrial demand and investment interest.

Platinum: Riding the Hydrogen Wave: -Platinum has seen a remarkable 56% rally, rising from $940-$985 per ounce in June 2024 to $1,532 by July 2025. Demand is driven by its use in automotive catalytic converters, jewelry, and the growing hydrogen economy, particularly in fuel cells and electrolyzers for green hydrogen production. Supply challenges, including mine closures, contribute to a structural deficit. While the decline of internal combustion engine vehicles poses a long-term risk, platinum’s outlook remains positive, with price forecasts ranging from $1,100-$1,500+ per ounce over the next few years.

Palladium: Navigating Challenges: -Palladium’s performance has been more modest, with a 17% increase from $1,012-$1,100 per ounce in June 2024 to $1,287.50 by July 2025. Primarily used in catalytic converters for gasoline vehicles, palladium faces headwinds from EV adoption, substitution with cheaper platinum, and increased recycling. The market is moving toward balance after years of deficits. Short-term weakness is likely, but prices could stabilize between $900-$1,300 per ounce, with potential for modest gains if industrial demand or supply dynamics shift.

Rhodium: Volatile but Promising: -Rhodium, a less commonly traded platinum group metal (PGM), rose approximately 7.9% from $4,665-$4,976 per ounce in June 2024 to $5,200 by July 2025, though it remains well below its 2021 peak of $29,000. Its demand is driven by automotive catalytic converters, glass manufacturing, and chemical catalysts, with supply constrained as a byproduct metal. Forecasts indicate persistent deficits, with prices potentially climbing to $7,700-$9,300+ per ounce over the next few years, supported by a projected market growth rate of 4.6% CAGR through 2033.

Overall Outlook:-The precious metals market is poised for growth over the next one to five years, driven by geopolitical instability, inflationary pressures, and central bank policies favoring gold reserves.

Industrial demand, particularly for silver, platinum, and rhodium, is bolstered by the transition to green energy and advanced electronics. Supply constraints, due to concentrated production and limited new discoveries, further support price appreciation.

While palladium faces challenges from EV adoption, the broader outlook for precious metals remains bullish, offering unique opportunities for investors and industries.

For the mining sector, particularly Junior miners, this environment presents significant potential. Rising metal prices and supply shortages create opportunities for exploration and development companies to capitalize on new projects, particularly in regions rich in these metals, thereby driving value for investors seeking exposure to this high-demand market.

SP

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"For information only and not a recommendation to buy or sell shares."

Mining News: www.minestockers.com (Disclosure-the writer is a shareholder of minestockers.com)

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