TD Securities raises its outlook for Silver and PGMs despite near-term correction risks similar to Gold. The team upgrades Silver and PGM forecasts over the next two quarters and further improves the long-term view, citing Gold’s projected strength and an improving global economy. They expect both Silver and Platinum to move into deficits as supply stays weak and post-conflict demand rises.

Deficit-driven support for Silver, PGMs

"While facing the same correction risks, silver and PGM forecasts have been upgraded over the same period."

"The long-term silver and PGM outlook is upgraded due to gold's strength, and an improving economy."

"Both silver and platinum are likely to see deficits as supply remains weak, and investor and industrial demand following the Persian Gulf conflict shifts higher."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)