
BOA Says Silver's Turn in 2025
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Housekeeping: Good Morning. —
“The Gold reset is a process, not an event”
Today
* Discussion: Silver’s Turn in 2025
* Premium: BOA on Gold and Silver
Discussion: Silver’s Turn in 2025
BOA’s top five 2025 themes
* Trade war, strong USD may result in lower commodity prices
* Brent may trade near $65/bbl on surplus, fresh OPEC+ barrels
* Gold will stay rangebound for now, but still targeting $3000/oz
* Copper and aluminium may fall near-term, then rally into 2H25
* Grains look soft, but sugar, silver, or nat…
The skinny
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