Silver Enjoys Tailwind from Ongoing Supply Deficit

December 8, 2024

Gold and silver have been trading sideways after bouncing back from their post-election "Trump Shock."

As of this Friday morning recording, the gold price comes in at $2,653 – down about 0.5% since last Friday’s close. Meanwhile silver currently comes in at $31.43 – good for a 1.8% gain on the week.

Gold and silver stocks -- traditionally expected to provide leverage to price moves in physical bullion (in either direction) -- continue to underperform the metals themselves. Both gold and silver are up roughly 30% year to date.

Overall stock market action remains positive, even as stock investing legends like Warren Buffett have been furiously taking money off the table to reduce risk and raise cash.

Meanwhile, premiums at Money Metals on coins, bars, and rounds remain at multi-year lows. Inventory levels are high, and shipping speeds are immediate. For a limited time, customers will receive a free 1/4 oz Buffalo Silver Round bonus on all $500+ silver orders.

For those looking for some great gift ideas, don't forget to check out the Money Metals Exchange holiday shop!

Money Metals offers bullion products for all budgets – from copper rounds that can be stuffed into stockings to pure 24-karat gold coins for that special someone.

If you’re looking for affordable silver bullion gifts that come ready to give, you may want to order a handful of our holiday-enhanced Silver Eagles. We are pleased to offer the world's most popular silver coin – the American Eagle – packaged in our exclusive "Merry Christmas" capsule.

If you’re looking for something more unique, you’ll find it in the form of a silver statue. From soldiers to animals to even dragons, these impressive designs made from Sterling silver are much more than mere paperweights.

They are a great alternative to cash, gift cards, or other run-of-the mill presents. But the truth is, precious metal in any form is virtually guaranteed to bring bigger smiles to people’s faces than the equivalent value represented in paper or plastic.

If you want to make a real impression, our 24-karat gold bracelet would be an excellent choice. This stunning 1-ounce pure gold bracelet features a hammered finish and designer look. But unlike the price you would pay at the local jewelry store for a similar item, our 1-ounce gold bracelet costs hundreds, if not thousands less.

Pendants and earrings made of .9999 pure gold are also available. Because jewelry that is gold plated or alloyed with cheaper metals just wouldn’t be as pleasing to a genuine gold bug.

For other precious metal gift ideas including our Christmas themed coins, rounds and bars, visit MoneyMetals.com and click on the Holiday Gift Shop link at the top of the page.

There is nothing like the timeless beauty and tangible weight of a bullion product. It leaves a lasting memory.

Unlike other popular gifts such as clothing or electronics that will eventually wear out or become obsolete, any quantity of precious metal stands to become more, not less valuable over time.

The gift of precious metal can be cherished for years or even decades to come. It can help teach children about the value of money, the risks of inflation, and the long-term benefits of saving.

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1 cubic foot of silver weighs approx 655 pounds whereas 1 cubic foot of gold weighs more than half a ton.

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