👷‍♀️ Greetings Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and watch shows while eating popcorn. 📺🍿🧂

📝 Here are the highlights

👊 The Silver Breakout

😎 Bulls Back Gold

🐦 Uranium Trade Shuffle

📌 Daily Commodity Prices

👊 The Silver Breakout

Silver prices have surged to a 13-year-high, reaching $36.07 per ounce, before settling at approximately $35.90, marking a 2.6% daily gain.

This rally is attributed to a combination of technical momentum, increased industrial demand—particularly from the solar energy sector—and a shift by investors toward safe-haven assets amid economic uncertainties.

Silver-backed exchange-traded funds have also seen significant inflows, with holdings up by 2.2 million ounces recently. Despite these gains, silver's year-to-date increase of 25% still trails gold's 30% rise.

Analysts suggest that the metal's dual role as both an industrial commodity and a store of value, coupled with ongoing supply deficits, could sustain its upward trajectory in the near term.

FINALLY!!!! 👏

😎 Bulls Back Gold

Gold surged to a four-week high and silver hit a 13-year peak as shaky global risk appetite drove investors toward safe-haven metals. August gold rose $18.50 to $3,418.10, while July silver jumped $1.437 to $36.08. Bullish technicals attracted momentum traders, and both metals now show strong near-term advantages.

The European Central Bank cut rates by 0.25%, while markets await Friday’s key U.S. jobs report amid concerns following weak ADP data. Trafigura also warned of increased commodity market volatility due to geopolitical and economic instability.

Broader markets, including oil, bonds, and the U.S. dollar, remained steady.

📰 In Other News

🐦 Uranium Trade Shuffle

Happy Speculating!

The Editor

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