Long Road Ahead.
This year has seen significant price appreciation in many commodities.
The World Bank warns that pricing will remain elevated as the conflict continues, expect further disruptions.
The World Bank estimates higher energy and food costs for a prolonged period of time.
In 2022 oil is up over 40% from last year’s price.
Other commodities are expected to increase by roughly 20% this year.
The bank also mentioned silver’s role in green technologies within the outlook.
Short-term, there are concerns due to China’s lockdowns, but moving forward a positive forecast as supplies start to feel the added demand needed in new applications.
IMG reported recently similar comments from the Silver Institute, Bank of America and Wells Fargo Bank.
Investors should build their holdings on a timely basis; bargain-hunting seen in today’s market session.
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all.
London – Singapore – United States
Canada – Australia – China – Switzerland
Brinks – IDS – Loomis – The Perth Mint