Blog - www.metalmarket.eu

Fri, 16 Jan 2026 00:00:00 GMT

Wed, 14 Jan 2026 00:00:00 GMT

What is the Silver Institute?

Tue, 13 May 2025 00:00:00 GMT

Silver Institute is an entity well established in the silver environment. It serves as one of the best and detailed sources of demand/supply and general data on white metal, being important statistical source of information for community and analysts. But apart of that, what exactly is Silver Institute?

Short squeeze – why do you need silver in your portfolio

Mon, 14 Apr 2025 00:00:00 GMT

Starting 2025, silver became more expensive in Poland. However, this happened not in the way we would like, but through the implementation of 23% VAT. And there has also been a lot of recent talk about trade tariffs. Does this mean that investing in silver has just become unprofitable? Quite the contrary, as we will try to prove in this analysis.

New gold rush in El Salvador or mining ban to be restored?

Wed, 02 Apr 2025 00:00:00 GMT

In the recent years a lot has been written on El Salvador regards to its president, uncompromised fight against organized crime and Bitcoin related policies. On 6^th of December 2024, its president – Nayib Bukele – made a speech on immense yet unmined gold and other metal reserves. What is it all about then, and are they really worthy 3 trl USD, as he said?

When Warren Buffet made profit on silver

Tue, 01 Apr 2025 00:00:00 GMT

This is a story of past silver purchase that cornered Comex participants. Between 1997 – 1998, Warren Buffett purchased 4.000 t. in weight of silver, which eventually had been sold by 2006. And as kind reader might expect, there is more behind a story than often is being considered as simple purchase-hold-sell transaction.

Policies of National Bank of Poland in the time of peril

Mon, 31 Mar 2025 00:00:00 GMT

In this series, we’ll attempt to present policies of Poland’s central bank. We aim to present its main strategic pillars, which are increase of gold holdings, preservation of polish currency, importance of maintaining circulation of physical cash and general monetary policy assumptions.

How big is the precious metals market?

Tue, 18 Mar 2025 00:00:00 GMT

Today we’ll try to answer question about the size of the precious metals market. This is a legitimate question in the context of recent price increases, but at the same time it should give esteemed readers some perspective and scale of comparison against other asset classes.

Gold in the service of Soviet Union, part 4

Thu, 27 Feb 2025 00:00:00 GMT

We continue and conclude our considerations on the subject of historical economy for connoisseurs and not only. We’re discussing history of gold and its use in Bolshevik Russia and USSR in the years 1918-1991.

Gold in the service of Soviet Union, part 3

Fri, 14 Feb 2025 00:00:00 GMT

We continue our considerations on the subject of historical economy for connoisseurs and not only. We’re discussing history of gold and its use in Bolshevik Russia and USSR in the years 1918-1991.

Gold in the service of Soviet Union, part 2

Fri, 31 Jan 2025 00:00:00 GMT

We continue our considerations on the subject of historical economy for connoisseurs and not only. We’re discussing history of gold and its use in Bolshevik Russia and the USSR in the years 1918-1991.

Gold in the service of Soviet Union, part 1

Wed, 15 Jan 2025 00:00:00 GMT

This time we have a pleasure to present subject from the field of historical economy for connoisseurs and not only. What we’d like to discuss in this series of articles is history of gold and its usage in Bolshevik Russia and USSR between 1918-1991.

Gold, Wagner, nationalization and great geopolitics in Burkina Faso

Thu, 28 Nov 2024 00:00:00 GMT

A lot is happening in the African countries of Sahel region. Pro-nationalist and anti-colonial movements, often instigated directly or indirectly by Beijing and Moscow, are strengthening. With regards, today we will focus on Burkina Faso and the nationalization of gold mines located within the country.

What to expect of 2024 US presidential elections for gold

Wed, 25 Sep 2024 00:00:00 GMT

US presidential elections set for 5^th November are cherry on the top and grand finale of 2024 – year tightly packed with local, parliamentary and presidential elections held worldwide. But none are perceived as more important than those in US. Especially in times of such extreme polarisation and geopolitical turmoil.

We just ran out of gold! What next?! – Part 3

Tue, 17 Sep 2024 00:00:00 GMT

What if gold has run out on Earth? No more gold. Es gibt kein gold. No existe el oro. Zołota niet. Złota nie ma - wyszło. In our search for yellow metal, we’ll step down below Earth’s crust, touch the ocean bottom and look in the stars. So, join us in an adventure in search for not-so obvious and hidden gold.

Thu, 12 Sep 2024 00:00:00 GMT

Market update – 2,500 and more reasons to own gold

Wed, 21 Aug 2024 00:00:00 GMT

Summer holiday season is among us, and so we’re back and trying to catch up on financial markets and precious metals. What August brought so far is lot of volatility which of course also affected yellow metal, which just established new all time heights.

Sixth time’s a charm - Zimbabwean Gold (ZiG)

Tue, 06 Aug 2024 00:00:00 GMT

Unfortunately, African nation of Zimbabwe can’t be perceived as greatest example of financial stability. It is just the opposite – it became a living symbol of modern-day hyperinflation. But could its issues be fixed with newest version of Zimbabwe Dollar? This time backed with gold and FX currencies basket.

Has gold just surpassed Euro as central banking asset?

Fri, 19 Jul 2024 00:00:00 GMT

Dollar is king among assets held by central banks – no doubts about that. Until recently, currency of European Union maintained prestigious second position, however according to some estimations, it seems such just recently changed.

Fri, 12 Jul 2024 00:00:00 GMT

‘Far over, in misty mountains cold’ – on Central Asian gold mining, part 2

Wed, 10 Jul 2024 00:00:00 GMT

Everyone interested in gold mining knows that main producing countries are China, Russia and Australia. It’s also common knowledge that it is Africa, Asia, and Central & South America who dominate analysis on geographical gold distribution. But there is also one region, which usually doesn’t receive enough coverage, or at least not enough to what it deserves. This is Central Asia.

Fri, 05 Jul 2024 00:00:00 GMT

When silver goes wild – on breaking 30 USD resistance and why it matters

Thu, 30 May 2024 00:00:00 GMT

Recent price developments on precious metals are eye feastening to gold and silver investors. And in recent development, silver broke its leash, and for the first time in years, firmly crossed solid resistance at 30 USD. Today, we’ll focus on silver’s price action occurred in second half of May 2024.

We just ran out of gold! What next?! – Part 2

Mon, 13 May 2024 00:00:00 GMT

What if gold has run out on Earth? No more gold. Es gibt kein gold. No existe el oro. Zołota niet. Złota nie ma - wyszło. In our search for yellow metal, we’re going to travel in time, reach where mankind barely reached so far, discover fascinating world of microorganisms and try to make modern philosophical stone. We’ll step down below Earth’s top layer, touch the ocean bottom and look in the stars. So join us in an adventure in search for not-so obvious and hidden gold.

What’s with price of platinum and palladium in 2024, and onwards?

Mon, 22 Apr 2024 00:00:00 GMT

Platinum and palladium - industrial precious metals. Predominantly used in industrial sector. Interesting option, to be treated not as store of value but form of exposure to above. What could become catalyst for their price growth? Condition of automotive sector, sanctions, mining and regulations on emissions. Following this logic, today predominantly on… catalytic converters.

Comment on occasion of latest price growths on gold and silver

Mon, 15 Apr 2024 00:00:00 GMT

Gold: on 3rd of April 2024 closing price at 2299 USD. On 4th of April, intraday high at 2305 USD. On 5th of April closure at 2329 USD. Breached resistances, full price discovery in nominal values, parabolic movement. Silver: on 3rd April 2024 closing price at 27.1 USD. On 4th of April intraday high at 27.3 USD. Next day closure at 27.4 USD. Breached 26 USD resistance, attempts to move up..

Is new gold standard or revaluation incoming?

Tue, 19 Mar 2024 00:00:00 GMT

In an interview held in November 2023, Mr. Aerdt Houben – Director of Financial Markets Division of Dutch central bank (DNB) shared some interesting remarks on how DNB equalized its gold reserves, relative at a rate to Dutch GDP, to other countries of Eurozone and outside of Europe. According to his statement, official gold reserves can be used as foundations for new gold standard. Considering occasion, we’d like then to present two interesting approaches on theoretical gold revaluation.

Ladies and Gentlemen, we got it! - All time high on gold

Tue, 12 Mar 2024 00:00:00 GMT

First quarter of 2024 brought long awaited and expected price breakout on gold, which is on nearly 2200 USD now. Levels which just few year ago would make sceptics to smile ironically. However, great gold price run may seem to be just starting, as economics and financials did build for us, ‘perfect’ combination of factors, which seems to fuel further positive price action.

Gold – summary of 2023 trends

Mon, 26 Feb 2024 00:00:00 GMT

year 2023 was uneven for global gold trends. On the positive note, some new records had been set and some strong trends were continued or re-appeared. On the other hand, final demand figures failed to meet high expectations. And in some categories we had seen continuation of adverse trends. Here’s snapshot of 2023 figures.

In the silvery light of Diwali – on India’s seasonal silver demand

Tue, 20 Feb 2024 00:00:00 GMT

Year of great contrasts – such could be said on Indian silver figures in 2023. On one hand we had seen predictions on lower yearly demand and lowered import figures, being laid as far as in May 2023. On the other, we’ve just concluded traditional Indian festive season – Diwali / Deepavali – period characterised by sharp growth on demand. And just for 2023 this did set up historical records. So what is exactly condition of Indian silver market and should it concern us?

Merry Crisis and a Happy New Fear - 2024 outlook, part 2

Fri, 09 Feb 2024 00:00:00 GMT

New Year – new opportunities, expectations and challenges. Considering its 2019 which could be percieved as last rather normal year, we’d expect economic, financial, political and geopolitical roller-coaster to continue. And this will continue to impact our lives and investments. However, world didn’t end since and it doesn’t seem to it in the nearest future, and so we must carry on thinking forward. So, what to expect from precious metals in 2024?metalach szlachetnych w 2024 roku?.

Five percent of the world changes

Fri, 09 Feb 2024 00:00:00 GMT

How much is it 5%? It’s relative. Have we had 1000 dollars that would be fifty bucks. On equity or commodity markets that would be juicy profit or loss. As a margin for goods manufacturing entity – that is dependable on type of goods and costs occurred – as it will directly impact our EBITDA. On more volatile markets like crypto, that would be just another boring day. But on treasury markets - especially in relation to yield – five percent mean a lot.

Merry Crisis and a Happy New Fear - 2024 outlook, part 1

Mon, 05 Feb 2024 00:00:00 GMT

New Year – new opportunities, expectations and challenges. Considering its 2019 which could be considered as last rather normal year, we’d expect economic, financial, political and geopolitical roller-coaster to continue. And this will continue to impact our lives and investments. However, world didn’t end since and it doesn’t seem to it in the nearest future, and so we must carry on thinking forward. So, what to expect from precious metals in 2024?

Year after CEPA – how trade deal changed gold and silver import/export landscape between UAE and India

Wed, 31 Jan 2024 00:00:00 GMT

United Arab Emirates – most important precious metals distribution centre for South East Asia and large chunk of Africa. India – market always hungry for precious metals What could happen if combine those two into one subject? Analysis of import / export landscape between UAE and India, in the context of precious metals in Comprehensive Economic Partnership Agreement. Only on Metal Market Europe Blog.

We just ran out of gold! What next?! – Part 1

Wed, 10 Jan 2024 00:00:00 GMT

What if gold has run out on Earth? No more gold. Es gibt kein gold. No existe el oro. Zołota niet. Złota nie ma - wyszło. In our search for yellow metal, we’re going to travel in time, reach where mankind barely reached so far, discover fascinating world of microorganisms and try to make modern philosophical stone. We’ll step down below Earth’s crust, touch the ocean bottom and look in the stars. So join us in an adventure in search for not-so obvious and hidden gold.

Consolidations among gold miners p. 2

Wed, 06 Dec 2023 00:00:00 GMT

In the past we didn’t have many opportunities to discuss subject of gold miners on Metal Market Europe blog. We’d like to address this matter, as since couple years we witness strong trend on great sectoral mergers and acquisitions. Some could be even considered as tectonic in size, as relating to biggest names in industry.

How past determined present on precious metals

Tue, 28 Nov 2023 00:00:00 GMT

Gold and silver are metals known to humankind since millennia. They accompanied us as a metals symbolising ancient deities, then as a means of value, currency, eventually becoming special class of assets known as safe haven. It is interesting how their existence influenced humankind. And how the way we treated them in the past translates to modern standards.

History of the US silver dollar

Mon, 27 Nov 2023 00:00:00 GMT

History of silver in the monetary system of the United States is turbulent and interesting from both historical and numismatic point of view. It is worth to outline and introduce it to our readers. Especially since at Metal Market we recently had pleasure of adding Peace Dollars, straight from the Royal Canadian Mint, to our range of products. Bullion inspired by classic, historic American design.

Commentary on the occasion of US debt downgrade and ongoing PM’s correction

Mon, 30 Oct 2023 00:00:00 GMT

Ongoing correction on prices of gold may soon come to an end due to fundamental reasons, cyclicality but also because of new and old but refreshed factors, which we’ll try to describe below. One thing is certain – despite of horizontal moves many assets experienced last months – we do not have reasons to be bored.

Boom and bust of BRICS’ gold currency

Fri, 27 Oct 2023 00:00:00 GMT

This August, in Johannesburg, South Africa, BRICS was supposed to present its gold backed currency/token to be used for trade purposes. Or at least some sketch. It showed nothing - to major disappointment of some commentators. So was it nativity to expect ‘grand premiere’, or did BRICS’s project just failed because it is impossible to have gold-backed currency in modern days. Or maybe it was victim of inner-BRICS policies? And could we now finally say now, it is entirely ditched?

Recession outlooks

Fri, 13 Oct 2023 00:00:00 GMT

There are two main approaches helping to understand and determine price of assets. Narrower is microeconomics, which focuses on analysis of markets, entities, politics, government, legislation, demand/supply etc. Other is macroeconomics, which looks at economy as a whole, dealing with such aggregate phenomena as growth in total output and living standards, business cycles, inflation, unemployment etc. Right now both tell us, good times are gone.

Comex silver inventories on fall - what could it mean for white metal?

Thu, 12 Oct 2023 00:00:00 GMT

With regards to silver price, it is Comex inventories usually being discussed as a main price driver. That is both because of certain level of volumes being stored in vaults, but mostly due to fact that Comex is a derivative market, hence amount of open contracts highly exceeds available physical volumes.

120 USD Shanghai’s price arbitrage on gold

Wed, 27 Sep 2023 00:00:00 GMT

In recent weeks, we had experience high price divergence between Shanghai Free Trading Zone (based on Comex and LBMA pricings) and Shanghai Gold Exchange having its own benchmark and serving domestic market. This peaked as high as 120 USD. So is it finally time for gold’s price de-coupling to occur in between east and west? And should be expect price charts to explode? Nope. Not really. We’re going to try explain what’s happening in our opinion, however need to clearly emphasize, that amount of misinformation and misinterpretations surrounding subject is extraordinary.

Coup d’état in Niger – debunk on alleged ‘ban on gold exports’

Wed, 20 Sep 2023 00:00:00 GMT

OIn recent weeks new tensions emerged, occasionally even temporarily pushing war on Ukraine off the first pages of newspapers. That is military coup d’état in Niger and risk of potential intervention aimed to restore previous government. Allegedly junta threatened to ban gold and uranium exports to France. Which was soon proven to be fake news. But we think it is worthy considering what we have just witnessed and ‘what if and if at all’ effects on precious metals markets

Consolidations among gold miners p. 1

Wed, 06 Sep 2023 00:00:00 GMT

Everything you'd like to know about gold in Poland, but are afraid to ask p. 4

Fri, 25 Aug 2023 00:00:00 GMT

In below series, we focus on the subject of gold in Poland, hoping to cover all gold related aspects and trying to answer important questions of who, where, when, why and how much. We aim to do that deeply, so our esteemed readers could use it as a compendium of facts for years to come. In 1st and 2nd part we focused on official reserves. In 3rd we attempted to describe polish gold deposits and mining. In concluding part of the cycle, we’ll attempt to answer uneasy question – how much gold Poles may own.

Platinum deficit and possible breakout

Fri, 04 Aug 2023 00:00:00 GMT

According to some commodities sector commentators, there is a strong potential for positive price action on one of the precious metals that lagged it for the past years. Classified as precious, it is silvery white, lustrous, has strong fundamentals… Yes - that is platinum.

Everything you'd like to know about gold in Poland, but are afraid to ask p. 3

Tue, 18 Jul 2023 00:00:00 GMT

In our new series, we aim to focus on the subject of gold in Poland. We hope to cover all gold related aspects and try to answer important questions of who, where, when, why and how much.

Everything you'd like to know about gold in Poland, but are afraid to ask p. 2

Mon, 03 Jul 2023 00:00:00 GMT

It is 1989 usually being used to mark end of communism in Poland. Democracy enabled more transparency to economic and financial data.

Everything you'd like to know about gold in Poland, but are afraid to ask p. 1

Fri, 16 Jun 2023 00:00:00 GMT

In our new series, we aim to focus on the subject of gold in Poland. We hope to cover all gold related aspects and try to answer important questions of who, where, when, why and how much.

Mexico’s new mining law may affect silver supply

Tue, 23 May 2023 00:00:00 GMT

Is Türkiye ditching gold purchases?

Fri, 05 May 2023 00:00:00 GMT

Türkiye, country of many contrasts where east meets with west, recently announced pausing its gold purchases.

Gold in the concept of common BRICS currency p. III

Wed, 26 Apr 2023 00:00:00 GMT

Concept of a common BRICS currency and discussions about potential role of gold in, has been an idea of more or less serious considerations and speculations for last several years.

Gold in the BRICS Single Currency Concept p. II

Mon, 17 Apr 2023 00:00:00 GMT

Concept of a common BRICS currency and discussions about potential role of gold in, has been an idea of more or less serious considerations and speculations for last several years.

Lagging price action? On the occasion of falling banks and gold attacking 2k USD

Tue, 11 Apr 2023 00:00:00 GMT

Gold has reached and crossed briefly 2000 USD on 20th of March 2023. It was 3rd time it has passed through this psychological barrier.

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Gold in concept of common BRICS currency p. I

Thu, 02 Feb 2023 00:00:00 GMT

Concept of a common currency for BRICS countries, and quandaries about role of gold in it, has been subject of less or more serious considerations and speculations for several years.

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Czy można uwolnić się od złota

Fri, 14 Oct 2022 00:00:00 GMT

Czy można uwolnić się od złota? Zanim odpowiemy sobie na to istotne pytanie sprawdźmy najpierw, czy faktycznie jesteśmy od niego w jakiś sposób uzależnieni.