Market Intelligence Hub

Precious Metals

Stores of value, industrial catalysts, and market barometers.

Precious metals sit at the intersection of finance and industry. Gold anchors central bank reserves and investor portfolios; silver splits between monetary demand and fast-growing solar applications; platinum group metals are irreplaceable catalysts in autocatalysts, hydrogen electrolysis, and fuel cells.

Au

Gold

The oldest monetary asset and the deepest precious metals market. Modern demand is anchored by central bank buying, ETF flows, and jewelry, with price direction dominated by real interest rates and currency dynamics.

Demand Drivers

  • Central bank reserve accumulation
  • Investment demand (ETFs, bars, coins)
  • Jewelry in India and China
  • Real interest rate cycles

Key Facts

Top producers
China, Australia, Russia
Above-ground stock
~210,000 tonnes
Key price driver
Real yields
Read the full Gold deep dive
Ag

Silver

A hybrid metal: part monetary asset, part industrial input. Photovoltaics have become the decisive demand force — every solar panel uses silver paste — tightening a market where most supply arrives as a byproduct of other mines.

Demand Drivers

  • Solar photovoltaic cell metallization
  • Electronics and EV electrical contacts
  • Investment demand and gold-ratio trading

Key Facts

Industrial share
>55% of demand
Byproduct supply
~70% from other mines
Fastest driver
Photovoltaics
Read the full Silver deep dive
PGM

Platinum Group Metals

Six sister metals — platinum, palladium, rhodium, ruthenium, iridium, osmium — mined chiefly in South Africa and Russia. Irreplaceable in autocatalysts today and central to the hydrogen economy tomorrow via electrolysers and fuel cells.

Demand Drivers

  • Autocatalysts for emissions control
  • Hydrogen electrolysis (iridium, platinum)
  • Fuel cell electric vehicles
  • Industrial and glass catalysts

Key Facts

Supply concentration
South Africa ~70% (Pt)
Metals in group
6
Emerging demand
Hydrogen economy
Read the full Platinum Group Metals deep dive

Why precious metals matter

Precious metals attract the broadest audience in mining — retail investors, financial analysts, jewelers, and industrial buyers alike. Their prices respond to real interest rates, currency moves, and geopolitical risk, making this pillar the natural entry point for financially minded readers.