
Why it is Silver's Turn in 2025
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Housekeeping: Good Morning. There will be no broadcast tomorrow
“The Gold reset is a process, not an event”
Today:
* Discussion: Silver, Oil, Museum Media
* Premium: UBS: Silver's Turn
Discussion: UBS Buries the Lead
1- 2025 UBS Precious Metals Outlook
Key Points
* Last year, gold and silver posted their strongest annual gains since 2020 despite a selloff following Donald Trump’s US election victory. Platinum and palladium lagged, finishing 2024 in negative territory.
* A stronger USD and elevated US yields…
The skinny
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