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Gold and silver's next act - Matt Watson on precious metals and growing industrial demand Analytics Table

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Electrification and AI will favor precious metals, said Peter Thomas, an independent consultant. This week, Thomas recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management. Gold has broken several all-time highs this year, and silver is up about one-third year-to-date. Looking at the chart for gold prices, Thomas said the price patterns look great. "If you're a technician, it doesn't get better than that," said Thomas. The two noted later in the interview that industrial demand for both metals will be growing sharply due to electrification and AI. Watson and Thomas also discussed the World Gold Council's latest central bank survey. On Tuesday, the council published the results of its annual Central Bank Gold Reserves survey. Of the 70 responses, 29% said they expect to increase their gold reserves in the next 12 months. The WGC said this was the highest level it has seen since it started the annual survey in 2018. 0:00 - Introduction 2:39 - Gold technical analysis 10:08 - Central bank demand for gold 12:10 - Asian demand for gold 15:05 - How much gold should people own? __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us Twitter - https://twitter.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Michael McCrae - https://twitter.com/michaelmccrae Paul Harris - https://twitter.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.

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