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Latest News

UK Election

Wednesday, June 14, 2017

Despite the uncertainty caused by the lack of a workable majority gained by the Conservative party in the General Election, metal prices have remained static. The weakening pound and safe haven status could have resulted in a post-Brexit type price rise for metals, but no-one was stirred by the news and it remains business as usual with prices in the summer doldrums.

General Election Announcement

Tuesday, April 18, 2017

Theresa May's announcement today of a snap general election, gave the pound a 2.2% boost in value to a recent high of £1.00 to $1.28. Consequently the value of gold and silver measured in US$ fell by a similar ratio, with silver ending the day 40p/oz lower at £14.20/oz.

Randgold Shares Rising

Tuesday, February 7, 2017

Amid rising political uncertainty over the past few days, investors have been moving money out of European stocks and into safe haven assets like gold and silver. One of the biggest gainers on FTSE100 has been the surge in value for precious metal mining company shares, especially Randgold who yesterday reported record production in 2016.

2016 Silver Price Analysis

Monday, January 2, 2017

It has been a year of two halves for the silver metal price – pre and post Brexit. During the first 6 months of the year the price of silver steadily rose from the year low of £9.49/oz on January 28th due to the insecurity surrounding the Brexit vote. However as the date of the referendum approached on June 23rd, prices began to fall as the financial markets confidently predicted a “No” vote.
As June 24th dawned and a “Yes” vote was announced, the markets went crazy for safe-haven gold, the pound fell in value against the US dollar and silver prices rose sharply on the back of both. The year’s peak price was £15.78/oz on July 11th and prices stayed at this high level for the next month.
Pundits predicted that prices would rise sharply again on the back of the Trump victory in November’s US presidential election, but the markets quickly re-adjusted from fear to positivity and so safe-haven metals dropped another notch with silver ending the year around the £13/oz ($16/oz) level.


Trump election causes prices to rise &...

Wednesday, November 9, 2016

The futures, Asian and European markets saw gold and silver rise following the surprise presidential victory of Donald Trump. However, the US market was more measured in their response in their belief that an all Republican House of Congress and Senate would have a positive monetary and economic effect. Gold & silver fell back close to where they began the day.