Gold’s dramatic decline is not Trump-specific

The recent fall in the price of gold should not be attributed to the political climate surrounding former President Trump. Rather, it seems that other market forces are playing a more significant role in driving gold’s value down.

Silver’s Bright Future

In contrast, silver seems to become more and more attractive. Thanks to its vital role in solar power generation, its demand is expected to surge, which, in turn, should drive its price upwards. This trend is likely to be sustainable in the long term, considering the global push towards renewable energy sources, where solar power is one of the main players.

According to Heraeus, the reputable precious metals and technology group, the current environment might present an ‘alternative reality’ for gold and silver. The rapid demand for silver from the solar power industry has the potential to significantly shape the future of the precious metal market.

This shift does not signify the end of gold but rather stands as an indication of a more diversified outlook for precious metals, with stronger considerations on sectors creating demand. Read More