Forbes - Silver And Gold: Shining Metals
Article by David Tepp in Forbes
Gold’s rally may have grabbed more headlines, but both silver and the yellow metal warrant closer analysis. Both commodities are surging—and yet, neither may have reached their ceiling.
Silver Steps Out Of Gold’s Shadow
The Financial Times recently reported that the U.S. added silver to its official list of critical minerals, alongside copper, underscoring its role in the global energy transition.
The move is more than symbolic: It places silver in the same strategic category as lithium and nickel—indispensable to solar panels, batteries and electronics.
This reclassification has two major implications. First, it formalizes silver’s position as a national-security resource, tying its price trajectory to policy-driven demand rather than just investor sentiment. Second, it widens the procurement base. Governments, defense contractors and clean-energy manufacturers are all entering the market.
Alpine Macro argues that this dual role—part commodity, part currency—makes silver uniquely leveraged to both ......