最新ニュース iShares Silver Trust (ARCA:SLV)

The Trust seeks to reflect such performance before payment of the Trusts expenses and liabilities. It is not actively managed. The Trust does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of silver.

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Market Summary

General

Benzinga Market Summary: S&P Pulls Back As Trump Says US Is Terminating Trade Discussions With Canada, Gold And Silver Pull Back

WIIM

Gold and silver are trading lower amid US-China trade hopes and Israel-Iran ceasefire efforts, which have eased macro uncertainty.

Silver is finally out of gold's shadow and investors should be paying attention. While gold prices hover near record highs, silver is quietly stealing the spotlight. <a href="https://www.benzinga.com/topic/peter-schiff">Peter Schiff</a> says the &#8220;gold rally has a silver lining.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Hi-Ho silver. Silver is up over 70 cents this morning, trading above $37. Not only is this very bullish for silver, but it&#39;s also bullish for gold. It&#39;s no longer just a gold rally, but a precious metals rally. Now that the gold rally has a silver lining, it&#39;ll be even stronger.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1934967497469689925?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Also: <a href="https://www.benzinga.com/markets/commodities/25/06/45842761/silver-just-shattered-a-14-year-ceiling-could-50-be-next">Silver Just Shattered A 14-Year Ceiling &#8211; Could $50 Be Next?</a>
<h2 class="wp-block-heading">Silver Outpaces Gold, Ratio Signals More Upside</h2>
On Tuesday, silver surged over 70 cents intraday to trade above $37, marking its highest level since 2012. That's a 2% daily gain, outshining gold's more modest 0.8% move. The silver-tracking iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) is up over 25%, while SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) has climbed around 14%, giving silver a 2-to-1 edge.
The gold-to-silver ratio has dropped sharply from over 90 in March to below 76 &#8211; historically a bullish setup for silver. In past cycles, a falling ratio has preceded major runs in silver miners.
<h2 class="wp-block-heading">Breakout Level Breached, Miners Ride The Wave</h2>
Silver also broke above key resistance at $35, a level it couldn't hold in 2020 or 2021. With that technical ceiling cleared, analysts are eyeing $40+ as the next stop.
Schiff called the move "a precious metals rally," and he's not alone. Stocks like First Majestic Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>) and Pan American Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) are already rallying in tandem, buoyed by rising spot prices as momentum flows into silver.
While gold remains the classic hedge, silver offers both monetary and industrial upside. With AI, solar, and EV demand growing—and macro jitters rising—silver might be the surprise winner of 2025's commodity trade.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45847216/silver-supercycle-you-never-have-enough-of-it-hedge-fund-analyst-says-as-50-level-looms">Silver Supercycle: &#8216;You Never Have Enough Of It,&#8217; Hedge Fund Analyst Says As $50 Level Looms</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Long Ideas

PAAS

Peter Schiff Says 'The Gold Rally Has A Silver Lining' - As It Outperforms Gold By 2:1

On Monday, silver just did something it hasn&#8217;t managed to do in 14 years: <a href="https://www.benzinga.com/markets/commodities/25/06/45842761/silver-just-shattered-a-14-year-ceiling-could-50-be-next">break above the formidable $35 an ounce mark</a>. It&#8217;s now flirting with $36 and counting, after a powerful breakout from an eight-month base. For investors with a nose for historical déjà vu, this could echo the 2011 silver run that vaulted the metal to nearly $50 in just seven weeks. According to Katusa Research, this level was the springboard for a 36% moonshot in 2011. No two rallies are ever exactly alike, but the re-emergence of bullish sentiment, industrial demand and a structurally tight supply picture makes this breakout anything but noise.
This present rally is a structural, foundational and technical convergence. And for <a href="https://www.benzinga.com/etfs">ETF investors</a>, it could be the portfolio surprise that they did not anticipate.
So far in 2025, silver has clocked a +24% gain — and it&#8217;s only June.
<h1 class="wp-block-heading">ETF Ladder: Who&#8217;s Climbing Fastest?</h1>
Whether you're a cautious long-haul investor or a high-octane speculator, <a href="https://www.benzinga.com/topic/silver">silver-focused ETFs</a> are laying out a buffet of options. Here's a look at the key players on the ETF field: iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>)
Type: Physically-backed silver ETF YTD Return: +23%
Expense Ratio: 0.50% Use Case: Ideal for traditional investors who want direct exposure to silver prices without the complexities of futures or miners. ProShares Ultra Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGQ#NYSE">AGQ</a>)
Type: 2x leveraged silver futures exposure YTD Return: +39.5% (magnified gains… and potential losses)
Expense Ratio: 0.95% Use Case: Designed for traders looking to capitalize on short-term momentum. Volatile, fast-moving, and not for the faint-hearted. abrdn Physical Silver Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIVR#NYSE">SIVR</a>)
Type: Physically backed, low-cost silver ETF
YTD Return: +23% Expense Ratio: 0.30% Use Case: A more cost-efficient alternative to SLV for buy-and-hold investors. Amplify Junior Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SILJ#NYSE">SILJ</a>)
Type: Small-cap silver mining stocks
YTD Return: +41%
Expense Ratio: 0.69%
Use Case: High-risk, high-reward play for those betting big on rising silver prices boosting junior miners' margins. 
<h1 class="wp-block-heading">The Solar &amp; EV Story Behind The Sparkle</h1>
While gold often grabs the safe-haven spotlight, silver is increasingly a workhorse in the clean tech revolution. A large part of global silver demand comes from industrial use, particularly in solar panels, electric vehicles and next-gen electronics. Silver is unmatched in conductivity, making it indispensable in photovoltaic cells. And as the world speeds toward net-zero goals, solar installations are expected to surge, further tightening the silver supply/demand equation. Add to that five straight years of supply deficits, and you&#8217;ve got the recipe for a sustained rally. And here's the kicker — most silver isn't mined directly. It's a byproduct of other mining processes, meaning higher prices don't necessarily trigger a rush of new supply. Further weakness in the U.S. dollar, sticky inflation or dovish Fed chatter, accelerating solar and EV adoption, continued supply tightness and low mine production are factors that can further push silver prices up, and provide an impetus to the ETFs.
<h1 class="wp-block-heading">The Takeaway</h1>
For conservative exposure, SLV or SIVR do the trick. Feeling gutsy? AGQ might be your turbocharged ticket. Want to add some equity beta? Miners like SIL or SILJ bring company fundamentals into the mix. With silver making new headlines and ETFs lining up like rocket boosters, $50 might just be the next stop. Just remember, this is silver, not a sleepy savings bond. Buckle up.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/06/45865293/microsoft-overtakes-nvidia-to-top-3-5-trillion-taking-these-3-etfs-with-it">Microsoft Overtakes Nvidia To Top $3.5 Trillion, Taking These 3 ETFs With It</a></li>
</ul>
Photo: MIKE MANIATIS via Shutterstock

Specialty ETFs

SILJ

SIVR

Silver's $35 Breakout: The Best ETFs For The Bullish Ride

So far, 2025 has been a year where Precious Metals have been very much in focus.&nbsp;&nbsp;
GOLD&nbsp;
As it usually does, Gold took the lead in the broad precious metals rally, making new All-Time Highs and showing great strength. Gold's solid and continuous rally was driven primarily by:&nbsp;
<ul class="wp-block-list">
<li>Central bank buying (primarily China and India), which has been relentless throughout the past year or so.&nbsp;&nbsp;</li>
</ul>
<ul class="wp-block-list">
<li>Safe-haven demand driven by several reasons such as the US Tariffs, ongoing conflicts and generally heightened global tensions.&nbsp;</li>
</ul>
<ul class="wp-block-list">
<li>Increasing global debt which, unless somehow deficits get reduced, will keep growing at record pace and reduce the purchasing power of fiat currencies.&nbsp;</li>
</ul>
<ul class="wp-block-list">
<li>Retail investor interest, which has been increasing but still well below long-term averages.&nbsp;</li>
</ul>
Looking at Gold's daily chart, we can see that it's been rallying non-stop since its technical breakout in 2024. The macro factors that have contributed to Gold's rally are still there, and this implies a continued rise in price; however, nothing goes in a straight line and Gold will eventually see a pullback.&nbsp;
We are currently consolidating in a sideways wedge, and Gold will have to make an important decision pricewise. There is support confluence at around the $3270-$3285 area, below which the door opens for $3151. An extremely bearish scenario (perhaps inflation spiking or a general market crash) could take gold down towards the $2934 fib retracement. If we got down to those levels, it would probably be an exceptionally good opportunity to buy the dip.&nbsp;
On the flipside, if the resistance trendline is breached at around $3390-$3400, then the road clears for new all-time highs above $3500.&nbsp;
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="773" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204713/XAUUSD_2025-06-09_20-27-21_72ece-2048x1547-1-1024x773.png" alt="" class="wp-image-14163" style="width:920px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204713/XAUUSD_2025-06-09_20-27-21_72ece-2048x1547-1-1024x773.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204713/XAUUSD_2025-06-09_20-27-21_72ece-2048x1547-1-300x227.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204713/XAUUSD_2025-06-09_20-27-21_72ece-2048x1547-1-768x580.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204713/XAUUSD_2025-06-09_20-27-21_72ece-2048x1547-1.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
SILVER&nbsp;
Silver is a monetary asset like gold, but it also has extensive industrial use. For this reason, silver tends to react more to global geopolitical and economic news. Silver has underperformed gold for the past 15 years, with the Gold/Silver ratio rising from around 30 in mid-2011, to above 100 (beyond 126 in the 2020 Covid crisis and 105 in April 2025).&nbsp; History has shown that Gold leads and Silver follows, so this ratio should eventually reverse lower towards the 70s and perhaps even below.&nbsp;&nbsp;
Silver is used extensively in industry including electronics, photovoltaics, medicine, cars, photography, the military and many others. The global push towards EVs and green energy is requiring larger and larger quantities of physical silver, and this has brought a structural supply deficit for the past few years.&nbsp;
Barring a major global crisis, we should see silver outperform gold in the next months and the Gold/Silver ratio move down to test the 74-75 lows.&nbsp;
In the daily chart, we can see that silver is moving within an ascending channel, having taken out the previous highs at $35. The next resistance is at the channel resistance which comes at around $38.50. On the other hand, a reversal lower could drive silver towards the $31.5-$32 area.&nbsp;
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="773" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204756/XAGUSD_2025-06-09_20-37-44_b5000-2048x1547-1-1024x773.png" alt="" class="wp-image-14164" style="width:920px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204756/XAGUSD_2025-06-09_20-37-44_b5000-2048x1547-1-1024x773.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204756/XAGUSD_2025-06-09_20-37-44_b5000-2048x1547-1-300x227.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204756/XAGUSD_2025-06-09_20-37-44_b5000-2048x1547-1-768x580.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204756/XAGUSD_2025-06-09_20-37-44_b5000-2048x1547-1.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
PLATINUM&nbsp;
While most precious metals analysts and investors focus on Gold and Silver, Platinum could potentially yield an even better trading opportunity.&nbsp;
Platinum is roughly 15-20 times less abundant than gold in terms of mined output, and this makes it much rarer. In the first half of the 2000s the Platinum/Gold ratio was at around 2, but it quickly fell to 1 after the 2008 crisis. Platinum's main industrial use is in catalytic converters, and the gradual transition from internal combustion engine vehicles to EVs has caused platinum price to plummet during the past decade. The Platinum/Gold ratio bottomed at 0.275 in April 2025, and it has bounced back during the past month.&nbsp;
Government data and surveys are showing that electric vehicle adoption rates have been dropping, and this is very positive for platinum. While markets seem to be convinced that within the next decade almost all cars will be electric, I strongly disagree with that view. I think that internal combustion engines will be around for a lot longer and in large numbers, before they eventually get phased out. For this reason, I think that platinum potentially offers the most upside of all three precious metals.&nbsp;
Looking at the daily chart, we can see that platinum had been coiling within a wedge since early 2022, with a violent breakout coming in May 2025. At the time of writing platinum is trading at $1208 and is within reach of the $1223 fib level and the previous highs at $1339. On the flip side, a general risk-off move will likely pull platinum lower and we have confluence of supports at around the $1130-$1140 area.&nbsp;
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="773" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204837/XPTUSD_2025-06-09_20-50-25_1cc6c-1500x1133-1-1024x773.png" alt="" class="wp-image-14165" style="width:916px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204837/XPTUSD_2025-06-09_20-50-25_1cc6c-1500x1133-1-1024x773.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204837/XPTUSD_2025-06-09_20-50-25_1cc6c-1500x1133-1-300x227.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204837/XPTUSD_2025-06-09_20-50-25_1cc6c-1500x1133-1-768x580.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/09204837/XPTUSD_2025-06-09_20-50-25_1cc6c-1500x1133-1.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
SUMMARY
To sum up, I think that all three precious metals should continue to see strength in 2025 and 2026, but their recent surge higher has taken them close to resistance levels and a pullback is overdue. If and when such a pullback materializes, it should be met with buying forces as demand for physical intensifies. Platinum could provide the best upside potential followed by Silver, but high returns are often coupled with high volatility – so traders should be prepared for that and control risk accordingly.
Thank you for reading and trade safe.
Featured image generated with AI assistance

Opinion

What's Next For Precious Metals

A silver &#8220;supercycle&#8221; may already be underway, as the structural market tightness and resurgent investor interest in the grey metal set the stage for a potential breakout above the all-time high of $50 per ounce last reached in 2011, according to Otavio Costa, macro strategist at <a href="https://www.benzinga.com/topic/expert-ideas">hedge fund Crescat Capital.</a>
"Silver is just catching up to gold," Costa said in an exclusive interview with Benzinga, noting that the metal's decade-long underperformance is poised to reverse.
Since early June, silver prices have surged over 10%, breaking above $36.80 on Monday and reaching levels last seen in February 2012. The iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) has now risen 25% year-to-date through June 9, perfectly matching SPDR Gold Trust&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) performance.
Costa indicated silver is now entering a critical phase that could resemble historical boom cycles.
<h3 class="wp-block-heading">Silver-To-Gold Ratio Signals More Room To Run</h3>
When gold leads, silver then follows. 
Silver is "the next one in line," Costa said.
The grey metal is trading at roughly 100 ounces per ounce of gold—a level Costa calls historically unsustainable and a clear setup for a sharp reversal.
"We've only seen this a few times in history," he said. "Every time, the ratio eventually collapses."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The gold-to-silver ratio is now breaking down as silver accelerates and begins to catch up with gold. Just a month ago, investors were telling me this time was different — that the ratio wouldn't revert and we were witnessing a structural shift. But notice the trend.… <a href="https://t.co/r4JE7gAoPt">pic.twitter.com/r4JE7gAoPt</a>
&mdash; Otavio (Tavi) Costa (@TaviCosta) <a href="https://twitter.com/TaviCosta/status/1932101773604307231?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to the expert, silver is now transitioning from being viewed strictly as an industrial commodity to being increasingly perceived as a monetary hedge—just as gold demand from central banks accelerates.
"Silver has been a monetary metal in the past, and once it starts moving higher, it becomes less of an industrial and much more of a monetary metal," he said.
<h3 class="wp-block-heading">Silver At $50? The Next Key Resistance</h3>
Costa told Benzinga that the metal's next technical battleground is the $50 threshold—a level reached during the 2011 rally and in the late 1970s Hunt Brothers episode.
"There's no such thing as a triple top," he said. 
"Once silver breaks $50, we enter price discovery. Nobody knows where it goes from there."
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="533" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09151054/image-127-1024x533.png" alt="" class="wp-image-943788" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09151054/image-127-1024x533.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09151054/image-127-300x156.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09151054/image-127-768x400.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09151054/image-127-1536x800.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09151054/image-127-2048x1066.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Market Dynamics Say Demand Sharply Outweighs Supply </h3>
Costa highlighted the lack of new silver discoveries and project development. "There are no major supply additions coming that will significantly alter the market in the next few years," he said.
At the same time, industrial demand—especially for solar panels—is rising rapidly.
"The demand factors have changed quite significantly," Costa said.
Solar now represents 15% to 17% of global silver demand, a sharp increase from the low single-digit percentages of just a few years ago.
Crescat Capital owns San Cristobal, one of the largest silver mines in the world, and Costa highlighted unusual pricing behavior in the physical market.
He said Chinese buyers have been paying premiums of $1 to $3 per ounce on silver concentrate over the past 6 to 12 months.
"That premium wasn't reflected in the futures market—but now we're starting to see it," he said.
"I'm already invested in silver. But you never have enough of it."
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/06/45842761/silver-just-shattered-a-14-year-ceiling-could-50-be-next">Silver Just Shattered A 14-Year Ceiling &#8211; Could $50 Be Next?</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Analyst Color

Analyst Ratings

Silver Supercycle: 'You Never Have Enough Of It,' Hedge Fund Analyst Says As $50 Level Looms

<a href="https://www.benzinga.com/topic/silver">Silver has officially broken</a> through a 14-year ceiling by vaulting past $35 per ounce, a milestone it last cleared in 2011. That same breakout ignited a 36% surge to $49 over seven weeks, <a href="https://x.com/KatusaResearch/status/1931766766147149841">notes</a> Katusa Research. This time, history could very well repeat itself.
Today, spot silver is trading around $36/oz, marking an impressive +24% gain for 2025. The precious metal recently broke out of an eight-month base, touching $32.78/oz, and has been climbing steadily.
Supportive winds, such as a weakening U.S. dollar, robust industrial demand tied to solar tech, and five consecutive years of structural supply deficits, are fueling the rally.
Read Also: <a href="https://www.benzinga.com/markets/commodities/25/06/45792880/silver-hits-12-year-high-peter-schiff-says-rallys-just-starting">Silver Hits 12-Year High: Peter Schiff Says Rally&#8217;s Just Starting</a>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="558" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM-1024x558.png" alt="" class="wp-image-943530" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM-1024x558.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM-768x419.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM.png 1134w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Chart created using TradingView
Even <a href="https://in.tradingview.com/symbols/SILVER/technicals/">technicals</a> are giving a green light without getting too geeky. Almost every moving average &#8211; from the 10-day to the 200-day &#8211; is flashing bullish. Tools like the MACD (moving average convergence/divergence) and the Ultimate Oscillator are also nodding higher, hinting at stronger momentum ahead. 
The only caution sign is that the 20-day Commodity Channel Index is overbought, suggesting a brief pause might be in the cards—but nothing that changes the bullish story.
<h2 class="wp-block-heading">What's This Mean For Silver Investors?</h2>
Simple: silver isn't just a metal; it&#8217;s a portfolio play. 
If you're looking to ride the momentum, consider physical-metal funds like the iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) or the ProShares Ultra Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGQ#NYSE">AGQ</a>) if you&#8217;re feeling bold.
<h2 class="wp-block-heading">Eyes On $50?</h2>
Analysts see technical and fundamental runway up ahead. StoneX and WisdomTree strategists highlight silver's undervaluation relative to gold &#8211; the <a href="https://in.benzinga.com/economics/macro-economic-events/25/04/44994275/gold-now-worth-100x-more-than-silver-analysts-say-its-time-to-buy-the-underdog">gold/silver ratio</a> recently fell to 90, down from 105 in April.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="558" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM-1024x558.png" alt="" class="wp-image-943547" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM-1024x558.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM-768x419.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM.png 1134w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Chart created using TradingView
With this gap closing, many <a href="https://www.reuters.com/business/silver-surges-past-35oz-level-hit-more-than-13-year-high-2025-06-05/" target="_blank" rel="noopener">view</a> $36 as a checkpoint, which, once cleared (as it has been), could lead to a sprint toward $40 or even $50, particularly if solar and electric vehicle demand keeps scaling.
<h2 class="wp-block-heading">Why Now?</h2>
Unlike gold, most silver is mined as a byproduct, limiting production speed. That means even rising prices won&#8217;t instantly flood the market with new supply &#8211; sustaining the rally.
Add renewed industrial appetite and central bank buying; the package makes sense.
Silver has officially changed gears. The $35 breakout marks a fresh chapter &#8211; with bullish fundamentals, technical momentum, and ETF vehicles catering to every risk appetite. If silver repeats history, traders could see $50 in sight. But remember: quick surges can get bumpy. 
For those looking to play smart, SLV offers a smoother ride; aggressive players might edge into AGQ. Keep an eye on that $50 level—you never know when it will be in plain sight.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45585695/the-golden-ratios-silver-surprise-this-metals-price-could-double">The Golden Ratio&#8217;s Silver Surprise: This Metal&#8217;s Price Could Double</a></li>
</ul>
Photo: Shutterstock

Technicals

Silver Just Shattered A 14-Year Ceiling - Could $50 Be Next?

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2025/06/2025-06-09_08h54_09.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h4 class="wp-block-heading">China Hopium</h4>
Please <a href="https://thearorareport.com/stock-market-chart-analysis-us-china-trade-talks-apple-wwdc-spy-mc-06092025">click here</a> for an enlarged chart of SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which represents the benchmark stock market index S&amp;P 500 (SPX).
Note the following:
<ul class="wp-block-list">
<li>The chart shows the stock market is approaching the low band of zone 1 (resistance).</li>
<li>Zone 1 is the magnet for traders.</li>
<li>US China trade talks are continuing in London today.&nbsp; President Trump said the talks are very far advanced.</li>
<li>The momo crowd is aggressively buying stocks on hopium about China trade talks, the attraction of the zone 1 magnet, and the weekend pump.&nbsp; Retail investors are especially vulnerable to the weekend pump and buy on Monday mornings.</li>
<li>Prudent investors will be closely watching Treasury auctions this week as 30-year Treasury yields are near 5%.&nbsp; Demand was weak at the previous 20-year Treasury auction.</li>
<li>This morning, yields are rising.</li>
<li>President Trump is thinking about the next Fed Chair and the name of the next Fed Chair nominee is coming out very soon, according to President Trump.</li>
<li>President Trump wants Fed Chair Powell to cut interest rates by 100 basis points.</li>
<li>Even though the momo crowd is oblivious, prudent investors should pay attention to rising yields, pressure by President Trump on Fed Chair Powell, and Treasury auctions.&nbsp; Learning to interpret Treasury auctions can give investors an edge.</li>
<li>Apple Inc.&#8217;s (AAPL) Worldwide Developers Conference (WWDC) starts today.  Apple has been lagging behind in AI and has yet to deliver many of the Apple Intelligence features hyped at WWDC last year.  Investors are not expecting big news at WWDC this week. 
<ul class="wp-block-list">
<li>Developers are hoping for news about Apple's on-device, small AI models that would be faster than current cloud based AI models.&nbsp; However, the useful applications at this point will likely be limited as the on-device models are not yet sufficiently powerful.</li>
<li>Investors may remember how Apple extremely aggressively bought its own stock when AAPL stock fell on disappointment over the last WWDC.&nbsp; Apple's own buying produced a major run in AAPL stock.&nbsp; Will Apple do a repeat this year?</li>
</ul>
</li>
<li>Silver has broken out.  As full disclosure, there are nice profits on Silver ETF iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) in our ZYX Buy Core Model Portfolio.  A new signal may be given on silver for a trade around position.  Trade around positions are a billionaire and hedge fund technique to increase returns while dramatically reducing risks.</li>
</ul>
<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>
In the early trade, money flows are positive in Amazon.com, Inc. (AMZN), NVIDIA Corp (NVDA), Alphabet Inc Class C (GOOG), and Apple (AAPL).
In the early trade, money flows are neutral in Meta Platforms Inc (META).
In the early trade, money flows are negative in Microsoft Corp (MSFT) and Tesla Inc (TSLA).
In the early trade, money flows are positive in S&amp;P 500 ETF (SPY) and Invesco QQQ Trust Series 1 (QQQ).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (GLD).  The most popular ETF for silver is iShares Silver Trust (SLV).  The most popular ETF for oil is United States Oil ETF (USO).
<h4 class="wp-block-heading">Bitcoin</h4>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing buying.
<h4 class="wp-block-heading">Arora Protection Band And What To Do Now</h4>
It is important for investors to look ahead and not in the rearview mirror.  Our proprietary Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Equities

Momo Crowd Buys Stocks On China Hopium And Zone 1 Magnet Ignoring Rise In Yields; Silver Breaks Out

Silver surged above $36 per ounce, reaching the highest level since February 2012. Since the beginning of the week, the metal has gained over 8.5%, sparking broad interest from investors who seek exposure to its industrial demand and <a href="https://www.benzinga.com/topic/silver">safe-haven potential</a>.
"After lagging behind gold for several weeks, silver is now catching up," Alexander Zumpfe, a senior trader at Heraeus Group, <a href="https://www.bloomberg.com/news/articles/2025-06-04/gold-holds-gain-as-soft-us-data-bolster-bets-on-fed-rate-cuts">told</a> Bloomberg. "That suggests renewed interest from momentum-driven investors who are rotating into silver."
Silver's dual role is driving its unique investment angle. Besides serving as a currency metal throughout the centuries, it is now essential in the manufacturing of solar panels, semiconductors, medical devices, and batteries.
With global decarbonization efforts accelerating, silver's industrial demand has surged, resulting in consecutive market deficits. According to the <a href="https://silverinstitute.org/wp-content/uploads/2025/04/World_Silver_Survey-2025.pdf">Silver Institute</a>, a 15% supply shortfall was reported in 2024, and another deficit is forecast for 2025. The world's top three silver-producing countries are Mexico, China, and Peru, which collectively account for over half of the global supply.
The silver rally has also impacted the <a href="https://www.benzinga.com/25/05/45585695/the-golden-ratios-silver-surprise-this-metals-price-could-double">gold-to-silver ratio</a>, a metric that measures the number of ounces of silver required to equal one ounce of gold. The ratio has narrowed to around 94 from over 100, suggesting silver's relative strengthening, although it still lags gold, which is up over 40% year-over-year.
"There may be some ratio trading going on now that it's dipped below the 100 level," noted Rhona O'Connell, head of market analysis at StoneX.
Exchange-traded funds have also contributed to the momentum. Silver ETFs saw inflows of over <a href="https://www.etf.com/etfanalytics/etf-fund-flows-tool">2.2 million ounces</a> in a single day this week, signaling renewed appetite from institutional investors. Analysts say a sustained hold above the $35 level could also attract retail interest, particularly if technical levels hold and supply constraints persist.
A Generational Technical Breakout In Progress
Zooming out, silver is completing a rare, long-term cup-and-handle pattern spanning over four decades. A rule of thumb is that longer, "U-shaped" patterns provide a more reliable signal than sharp "V-bottom" ones.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="435" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06121109/SILVER_2025-06-06_16-33-28-1024x435.png" alt="" class="wp-image-941544" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06121109/SILVER_2025-06-06_16-33-28-1024x435.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06121109/SILVER_2025-06-06_16-33-28-300x128.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06121109/SILVER_2025-06-06_16-33-28-768x326.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06121109/SILVER_2025-06-06_16-33-28-1536x653.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06121109/SILVER_2025-06-06_16-33-28-2048x870.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Silver Spot Price 1800-Present, Source: TradingView
The first parabolic peak in silver occurred in the early 1980s, when the Hunt brothers attempted to corner the silver market. Then a 2011 peak occurred post the Great Recession. Together, they have formed the "cup," with resistance around $50 per ounce.
Meanwhile, the "handle" formed from 2011 through 2024 as a multi-year consolidation. The breakout above the $30–$32 resistance zone in 2024–2025 suggests technical confirmation of the pattern. A typical guideline is to calculate the cup height and add it to the resistance zone price. Thus, with a cup height of around $40-42, the pattern's long-term target is around $75. 
On such a large timescale, the catalyst for the move is unlikely to be technical, but rather one that coincides with macroeconomic influences, particularly those stemming from monetary policy and geopolitical tensions.
Price Watch: iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) ETF is up 21.6% year-to-date.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/06/45812493/anglo-nears-de-beers-sale-as-three-potential-buyers-emerge">Anglo Nears De Beers Sale As Three Potential Buyers Emerge</a></li>
</ul>
Photo: Shutterstock

Silver Tops $36, Triggering A Generational Technical Breakout

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/06/05/final-trades-ulta-disney-gap-and-the-slv.html">Halftime Report Final Trades</a>,&#8221; Stephanie Link, chief investment strategist and portfolio manager at Hightower, said The Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) is down 33% in a week and recommended using the weakness to buy the stock. The stock trades at 9.7 times and has a dividend yield of 3.1%. 
Link said the clothing retailer reported a robust quarter that gained market share, and praised the new management as &#8220;phenomenal.&#8221;
Gap reported quarterly earnings of 51 cents per share on May 29, beating the consensus estimate of 45 cents. Quarterly revenue came in at $3.46 billion, beating the Street estimate of $3.42 billion.
Cerity Partners&#8217;s Jim Lebenthal said The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) has been in the $115 range. He expects the stock to break above $120.
As per the recent news, on June 4, Walt Disney lost its legal effort to prevent longtime executive Justin Connolly from leaving the company to join Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) YouTube.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Bill Baruch, founder and President of both Blue Line Capital and Blue Line Futures, picked iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>), saying silver reached the highest level since 2012.
On the earnings front, Westinghouse Air Brake, on April 23, reported better-than-expected first-quarter adjusted EPS results and raised its FY25 adjusted EPS guidance.
Brian G. Belski of BMO Capital Markets named Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) as his final trade.
Lending support to his choice, Ulta Beauty, on May 29, reported quarterly earnings of $6.70 per share, which beat the consensus estimate of $5.77 per share Quarterly revenue of $2.85 billion beat the Street estimate of $2.79 billion.
Price Action:
<ul class="wp-block-list">
<li>Gap shares gained 2.6% to close at $21.58 on Thursday.</li>
<li>Disney fell 0.9% to close at $112.53 on Thursday.</li>
<li>iShares Silver Trust gained 3.5% during the session.</li>
<li>Ulta Beauty shares rose 0.3% to settle at $467.04.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45790405/top-2-defensive-stocks-that-are-ticking-portfolio-bombs">Top 2 Defensive Stocks That Are Ticking Portfolio Bombs</a></li>
</ul>
Image: Shutterstock

Media

GOOG

GOOGL

ULTA

Gap, Disney, Ulta Beauty And More On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: GAP, Ulta Beauty, Walt Disney Company, iShares Silver Trust

Silver's not just glittering &#8211; it's surging. <a href="https://www.benzinga.com/topic/silver">The white metal</a> rocketed past $35.60 an ounce Thursday, a level last seen in 2012, and gold bull Peter Schiff says it's just warming up. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I love the smell of a precious metals rally in the morning. Gold is above $3,400, but silver and platinum are up 4%. Not only is silver above $35, it&#39;s about to take out $36, trading at its highest level since Dec. 2012. This train has left the station and there&#39;s no stopping it!
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1930582432270741827?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"This train has left the station and there's no stopping it," Schiff posted on X, noting silver's push to $36 and a 4% jump in early action.
While gold flirted with $3,400, it was silver that stole the spotlight, driven by a perfect storm of weak U.S. economic data, rising geopolitical tensions, and intensifying expectations of a Fed rate cut in September. The latest ADP report showed the weakest job growth since March 2023, and the ISM Services PMI fell into contraction territory <a href="http://www.benzinga.com/markets/market-summary/25/06/45788298/asia-markets-mixed-europe-gains-gold-inches-toward-all-time-high-global-markets-today-while-us-slept">for the first time</a> in nearly a year &#8211; fueling bets that the Fed will have little choice but to ease.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44994275/gold-now-worth-100x-more-than-silver-analysts-say-its-time-to-buy-the-underdog">Gold Now Worth 100x More Than Silver: Analysts Say It&#8217;s Time To Buy The Underdog</a>
<h2 class="wp-block-heading">Fed Doves And Trade Tensions Fan The Fire</h2>
It's not just macro softness driving this surge. The market is also reacting to Washington's tariff thunderclap &#8211; doubling import duties on <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45790624/exclusive-tariff-titans-why-cleveland-cliffs-nucor-steel-dynamics-could-outmuscle-the-competition">steel and aluminum to 50%</a> &#8211; raising fears of another trade slugfest just as investors react to a market-moving call between President Donald Trump and Chinese President Xi Jinping.
For silver, which straddles the line between precious metal and industrial workhorse, this is jet fuel. Whether it's flight to safety or hedging against inflation and trade turmoil, demand is coming from all corners.
<h2 class="wp-block-heading">SLV And Silver Miners Shine Bright</h2>
Retail investors are already piling in. The iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) (proxy for silver price) is up over 16% year-to-date and 14% over the past year, with technicals flashing green across the board. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0605"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05085402/Screenshot-2025-06-05-at-6.23.50-PM.png" alt="" class="wp-image-939737" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05085402/Screenshot-2025-06-05-at-6.23.50-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05085402/Screenshot-2025-06-05-at-6.23.50-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0605">Chart created using Benzinga Pro</a>
SLV is currently trading above its eight, 20, 50 and 200-day simple moving averages and maintains a bullish MACD (moving average convergence/divergence) indicator and an RSI (relative strength index) of 68.23.
For those seeking exposure to this breakout, silver miners like First Majestic Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>), Pan American Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) and Wheaton Precious Metals Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPM#NYSE">WPM</a>) are catching bids alongside the metal.
For diversified exposure, the Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) offers a direct line to the producers riding silver's high.
If Schiff's right and the rally's just beginning, silver bugs may have a lot more to smile about this summer.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45585695/the-golden-ratios-silver-surprise-this-metals-price-could-double">The Golden Ratio&#8217;s Silver Surprise: This Metal&#8217;s Price Could Double</a></li>
</ul>
Photo: Shutterstock

Silver Hits 12-Year High: Peter Schiff Says Rally's Just Starting

<ul>
<li>TSLA</li>
<li>GLD</li>
<li>SLV</li>
<li>NVDA</li>
<li>GOOGL</li>
<li>BULL</li>
<li>RDDT</li>
<li>UNH</li>
<li>GOOG</li>
<li>CRWV</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

BULL

CRWV

RDDT

Top 10 Trending Stocks On WallStreetBets As Of June 5, 2025 (Via Swaggy Stocks)

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2025/06/2025-06-03_08h51_13.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h4 class="wp-block-heading">Global Growth Forecast Cut</h4>
Please <a href="https://thearorareport.com/stock-market-chart-analysis-fall-in-dollar-usdx-mc-06032025">click here</a> for an enlarged chart of U.S. dollar index (USDX, DX, DXY).
Note the following:
<ul class="wp-block-list">
<li>The chart shows the fall in the dollar in 2025.</li>
<li>The chart shows the dollar index has fallen to the bottom band of zone 1 (support).</li>
<li>Prudent investors should be alert to the dollar breaking below the low band of the support zone.&nbsp;&nbsp;</li>
<li>A strong currency is the hallmark of a strong country.&nbsp; It is especially important for the U.S. because the U.S. owes its prosperity, in large part, to the dollar being the world's reserve currency.&nbsp; If the dollar falls further, it will be very negative for the U.S. in the long term.&nbsp; The short term is a different story. 
<ul class="wp-block-list">
<li>The momo crowd will celebrate the fall in the dollar by buying stocks.</li>
<li>The S&amp;P 500 has a large number of multinational companies.&nbsp; When earnings from overseas are translated into dollars, earnings will have the appearance of going up.&nbsp; Less knowledgeable investors will buy into higher earnings and aggressively buy stocks.</li>
<li>In the short term, the stock market will likely go up.</li>
<li>In the longer term, a fall in the dollar will be devastating.  As always, as members of our report, you will be able to act in advance to protect and grow your wealth.  It is important to build your knowledge ahead of time, so that if such a time comes, you will be ready to act with conviction.  </li>
</ul>
</li>
<li>Of note for prudent investors is that the Organization for Economic Co-operation and Development (OECD) has lowered the growth forecast for the world and for the U.S.&nbsp; OECD is a highly respected Paris based organization of 38 countries with the mission to promote growth and stability. 
<ul class="wp-block-list">
<li>OECD is citing tariffs as the trigger to reduce its forecast.</li>
<li>U.S. growth is projected to drop to 1.6% in 2025 and 1.5% in 2026.&nbsp; As a reference, the prior forecast was 2.2% and the U.S. grew by 2.8% in 2024.</li>
<li>The global growth forecast is being reduced to 2.9% in 2025 and 2026.&nbsp; As a reference, global growth was 3.3% in 2024.</li>
</ul>
</li>
<li>For the time being, the stock market is oblivious as the following three factors dominate: 
<ul class="wp-block-list">
<li>Blind money flowing into the stock market&nbsp;</li>
<li>Aggressively buying by the momo crowd</li>
<li>Wall Street doubling up on TACO trade (Trump Always Chickens Out)</li>
</ul>
</li>
<li>The stock market has correctly figured out that, at this time, President Trump is sensitive to the stock market.&nbsp; The White House is going out of its way to create hope.&nbsp; The latest hope driving buying in the stock market is President Trump pushing to have a phone call with President Xi of China.</li>
<li>Also driving buying in the stock market is President Trump giving several countries a deadline to submit their best trade proposals.</li>
<li>Adding to the buying in the stock market is President Trump's "big beautiful bill" heading to the Senate.&nbsp; The momo crowd is excited about tax cuts, higher government spending resulting in higher deficits, and higher government borrowing.&nbsp; The momo crowd believes that all of these will take the stock market to a new high.&nbsp; The hopium is S&amp;P 500 going to 7000 quickly.</li>
<li>The problem for all of the bullishness in the stock market is that the bond market and the dollar may get in the way.&nbsp; Unlike the stock market, the bond market and the currency market are very concerned about the higher deficit and higher borrowing that will result from President Trump's "big beautiful bill."</li>
<li>In important news, especially for AI, at its annual meeting Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) CEO C.C. Wei is very bullish and believes tariffs will not impact TSM as the company will be able to pass them on.  TSM is important because it is the main manufacturer of chips for companies such as NVIDIA Corp (NVDA), Advanced Micro Devices Inc (AMD), Apple Inc (AAPL), and Qualcomm Inc (QCOM).</li>
<li>In a boost for nuclear power, Meta Platforms Inc (META) is striking a deal to buy about 1.1 gigawatts of electricity from Clinton nuclear plant in Illinois.  Clinton is owned by Constellation Energy Corp (CEG).  Nuclear stocks such as Vistra Corp (VST), Oklo Inc (OKLO), Nano Nuclear Energy Inc (NNE), Nuscale Power Corp (SMR), Lightbridge Corp (LTBR), and Centrus Energy Corp (LEU) are seeing aggressive buying in the early trade.  The buying may fizzle out as the day progresses.</li>
<li>JOLTS job openings was released at 10am ET.</li>
</ul>
<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>
In the early trade, money flows are positive in Nvidia (NVDA) and Tesla Inc (TSLA).
In the early trade, money flows are neutral in Amazon.com, Inc. (AMZN), Microsoft Corp (MSFT), Meta (META), and Apple (AAPL).
In the early trade, money flows are negative in Alphabet Inc Class C (GOOG).
In the early trade, money flows are neutral in SPDR S&amp;P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.&nbsp; Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.&nbsp; The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).&nbsp; The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).&nbsp; The most popular ETF for oil is United States Oil ETF (ASCA:USO).
<h4 class="wp-block-heading">Bitcoin</h4>
Bitcoin is range bound.
<h4 class="wp-block-heading">Arora Protection Band And What To Do Now</h4>
It is important for investors to look ahead and not in the rearview mirror.  Our proprietary Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Government

Forex

Global Growth Forecast Cut; TACO And Blind Money Support The Stock Market

<ul>
<li>GOOGL</li>
<li>GLD</li>
<li>TSLA</li>
<li>UNH</li>
<li>NVDA</li>
<li>GOOG</li>
<li>HOOD</li>
<li>BULL</li>
<li>SLV</li>
<li>HIMS</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

Hims & Hers Health, Inc. Class A Common Stock

HIMS

HOOD

Top 10 Trending Stocks On WallStreetBets As Of June 3, 2025 (Via Swaggy Stocks)

Per-ounce gold prices are up $1,000 from a year ago, and defensive-minded investors can be forgiven for balking at the yellow metal's skyrocketing price.
Metals experts cite multiple reasons why gold prices are so high right now.&nbsp;
"If you step back, it's not surprising that we've seen gold surge by $1,000 per ounce over the past year," said Rana Vig, president and CEO of Blue Lagoon Resources Inc., a Vancouver-based mineral exploration company. "It's a textbook gold rally created by a perfect storm of macroeconomic and geopolitical factors."
Vig said the economy and markets have seen persistent inflation concerns, aggressive central bank buying (especially from countries seeking to reduce U.S. dollar exposure), and ongoing global instability. "Add to that falling confidence in fiat currencies and tariff instability, and you have an environment where gold speculation can thrive."
Given gold&#8217;s rapid rise, investors who wish to use metals as a powerful hedge against volatile markets have other options.
It's worth noting that gold prices aren't necessarily out of reach for precious metals investors.
"No doubt, the easy money in this cycle may have already been made," Vig noted. "As for new investors coming in now, the upside will be harder to find without taking on more risk."
One major upside of gold is that it's not just a speculative asset or a hedge for volatility. In many parts of the world, it's a way of life. 
"In countries like India, where gold is deeply woven into the cultural and economic fabric, it's not uncommon for entire villages to pool resources and buy gold by the gram," Vig added. "Even the poorest households will save in gold, not stocks, not bonds because it's tangible, trusted, and borderless."
That level of generational trust in gold continues to anchor demand globally. "For Western investors, there's something to learn from that mindset: Gold isn't just about price, it's about preservation," Vig noted. "It's about holding something real when everything else feels uncertain."
<h2 class="wp-block-heading">Non-Physical Gold Portfolio Options</h2>
Experts say that if current per-ounce gold prices at $3,300 are too high, investors have formidable "Plan B" options in the precious metals market. These metal plays may be your best bets.
<h3 class="wp-block-heading">Silver</h3>
Silver&#8217;s price is expected to rise to $40 an ounce within the next six to twelve months, about a 20% increase from current levels.
"This is similar to the projection for gold, and silver and gold tend to move in tandem with each other," said Brett Elliott, marketing director at American Precious Metals Exchange in Urbandale, Iowa. "Silver has a constrained supply, large industrial buyers who will pay virtually any amount to get the silver they need, and growing demand from various sectors."
Additionally, silver rallies tend to follow gold rallies, and gold has been rallying frequently this year. "Just like gold, silver is highly liquid and can be bought and sold in physical form, through ETFs, or through digital silver apps where the metal is vaulted but owned by you," Elliot noted.
Another factor favoring silver is supply and demand.&nbsp;
"There's a huge silver shortage in the world due to a lack of silver mines, and the demand for silver will continue to be high due to its usage in electric vehicles, electric vertical take-off and landing vehicles, and other electrical appliances," said Sankar Sharma, investing analyst and founder of RiskRewardReturn.com, mentioning iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>). "The best and easiest way to invest in silver is via the iShares Silver Trust, which is trading at an attractive $29.99 entry price as of May 30."
<h3 class="wp-block-heading">Copper</h3>
Copper is another robust metal contender for defense-oriented investors. "It's essential electrification, whether it&#8217;s electric vehicles, grid infrastructure, or renewable power," Vig said. "And while copper's global demand is expected to outpace supply over the next decade, its market price, in many ways, still hasn't caught up relative to its fundamental story."
Geography also matters with copper.
"Copper is an excellent base metal to get into as electric utility needs for third world countries are only going to increase over the next 10 to 20 years," said Robert Kientz, operations lead at Kinesis Bullion USA.
Overall, global economies are moving into an expansion cycle, which should fuel demand for copper. "If an investor has a five-year game plan, then copper stocks and miners are likely to move higher," Sharma said.&nbsp;
Sharma added that good copper stocks to consider include Freeport McMoran (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), Southern Copper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>), Barrick Mining Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) and Rio Tinto Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>).
<h3 class="wp-block-heading">Zinc</h3>
Zinc is an often overlooked precious metal, but it's critical to infrastructure across the globe. "As major economies reinvest in aging roads, bridges, and transport networks, zinc demand will remain strong," Vig said. "At the same time, recent supply disruptions have tightened the market, creating an attractive setup."
He recommends starting with producers like Teck Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TECK#NYSE">TECK</a>), which offers zinc and copper exposure in a single play. The stock is trading at $37 per share and is down over 8% for the year, suggesting a possible "buy the dip" opportunity.
<h3 class="wp-block-heading">Gold ETFs</h3>
Suppose you're only interested in exposure or short-term trades. In that case, a gold exchange-traded fund can provide a low-cost way of expanding your portfolio and has the added bonus of near-instant liquidity.
There are some caveats, however. "If you're planning to hold gold for a few years or longer, the expense ratio on most gold ETFs is cost inefficient in the long run," Elliot said. "Physical gold often provides a better value for gold longs. You pay the premium once on physical gold, but with an ETF, you pay the expense ratio every year."
It's also ideal to conduct thorough due diligence on gold ETFs.
"Before investing in gold funds, investors must review suitable ETFs to ensure the fund's holdings are purely linked to gold," Sharma said.
<h2 class="wp-block-heading">The Takeaway On Gold And Its Long-Term Outlook</h2>
Near the mid-point of 2025, gold is edging higher for two reasons.&nbsp;
"We are in a time of geopolitical instability and inflation of the monetary supply," said Blake Mclaughlin, vice president of exploration at Axcap Ventures. "With both scenarios at play, it's no surprise that we have seen the price of gold rise consistently over the last 18 months. Also driving the surge in price are the central banks' continuous and real-time adjustments in gold allocation."
Yet despite an uptick in the price, gold comprises just a fraction of a percent of global investment holdings, noted Mclaughlin. "However, with the release of the US Federal Reserve's May meeting minutes, which flagged rising inflation and risks of recession, gold's appeal as a safe-haven asset is likely to increase and may soon make up a larger portion of investor portfolios." 
That's what precious metals with limited capacity can do to drive a portfolio upward.&nbsp;
"When it comes to gold supply, a tap cannot be turned on to increase supply &#8211; it takes years, even decades, to substantially increase it, making a demand spike like the one we are seeing carry significant impacts," Mclaughlin added.
<h2 class="wp-block-heading">Rebound Or Breakdown? Join Matt Maley Live On Wednesday, June 4</h2>
The market is flashing major warning signs—tech is cracking, small caps are diverging, and rate pressure is building fast. Volatility is rising, and a sharp move could hit any day. Join 42-year Wall Street veteran Matt Maley as he breaks down the signals he's watching, the stocks he's targeting for short-term trades, and how he's positioning for the next major move—whether the market rips higher or breaks down next. Reserve your free spot <a href="https://events2.benzinga.com/matt-maley-webinar-wed-june4-2025-registration/?utm_campaign=webinar060425&amp;utm_adType=sponsorad&amp;utm_ad=RD060225&amp;he={{email}}&amp;adt_ei={{email}}&amp;utm_medium=newsletter">HERE</a>.
Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.
Photo: Shutterstock

SCCO

TECK

3 Gold Alternatives Set To Soar Next

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/05/29/final-trades-cameco-corp-devon-energy-toast-and-the-slv.html">Halftime Report Final Trades</a>,&#8221; Bryn Talkington, managing partner at Requisite Capital Management, named iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) as <a href="https://www.benzinga.com/topic/silver#:~:text=Silver%20initially%20outperformed%20gold%20but,a%2024%25%20increase%20since%20January.&amp;text=Despite%20strong%20performance%20post%2DCovid,lows%2C%20as%20per%20the%20bank.">her final trade</a>.
Silver futures fell by around 0.4% to trade at $33.275 an ounce this morning.
Bill Baruch, president of Blue Line Capital and Blue Line Futures, picked Cameco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) as her final trade.
On the earnings front, Cameco, on May 1, reported quarterly earnings of 11 cents per share which missed the analyst consensus estimate of 19 cents per share. The company reported quarterly sales of $549.63 million which missed the analyst consensus estimate of $806.82 million.
Don't forget to check out our<a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>
Jenny Van Leeuwen Harrington, chief executive officer of Gilman Hill Asset Management, LLC, named Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), said JPMorgan hosted a call this week with the CEO, which was extremely encouraging.
Supporting her view, Morgan Stanley analyst Devin McDermott, on May 23, maintained Devon Energy with an Overweight rating and raised the price target from $42 to $44.
Joshua Brown, CEO of Ritholtz Wealth Management, picked Toast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>) as his final trade.
Toast reported quarterly earnings of nine cents per share on May 8, missing the Street estimate of 12 cents. Quarterly revenue came in at $1.34 billion, in line with the consensus estimate. The company also announced an agreement with Topgolf to implement Toast Enterprise Solutions across its venues in the U.S.
Price Action:
<ul class="wp-block-list">
<li>Cameco shares fell 2.1% to close at $59.15 on Thursday.</li>
<li>iShares Silver Trust gained 1.1% on Thursday.</li>
<li>Devon Energy shares rose 0.8% to settle at $31.11 during the session.</li>
<li>Toast shares gained 0.3% to close at $42.24 on Thursday.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45667868/top-2-materials-stocks-that-are-ticking-portfolio-bombs">Top 2 Materials Stocks That Are Ticking Portfolio Bombs</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

TOST

Cameco, Devon Energy, Toast And More On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: iShares Silver Trust, Cameco Corporation, Devon Energy, Toast, Inc

While investors obsess over <a href="https://www.benzinga.com/trading-ideas/technicals/25/04/44836660/gold-tops-3300-as-peter-schiff-calls-it-biggest-financial-story-barrick-gold-flaunts-a-golden-cross">gold's path to $3,000</a>, silver may be quietly setting up for the bigger upside move — and the math might already be flashing the signal.
In a recent <a href="https://x.com/RonStoeferle/status/1925810027509457289?s=31">post</a> on X, Ronald-Peter Stöferle pointed out that if the gold-silver ratio — a historical measure of how many ounces of silver equal one ounce of gold — reverts to its long-term average, silver prices could surge.
With gold potentially heading to $3,000, the ratio implies silver could be worth between $55 and $63 per ounce, up to 95% higher than its current ~$33 price.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45562808/jim-cramer-rivian-better-than-this-automaker-pan-american-silver-is-the-best-silver-mine">Jim Cramer: Rivian Better Than This Automaker, Pan American Silver Is The &#8216;Best Silver Mine&#8217;</a>
<h2 class="wp-block-heading">Silver Could Shine Brighter</h2>
But this isn't just a valuation story. Silver's fundamentals are shifting fast, and not just as a monetary metal. 2025 will mark the fifth consecutive year of silver supply deficits, with a cumulative shortfall of nearly 800 million ounces since 2021 — about the size of an entire year's mine production.
Demand, meanwhile, is being supercharged by industrial use. Solar panels alone are expected to consume nearly 198 million ounces of silver this year — an all-time high — and new-generation TOPCON technology could double that demand by 2029. Then there's the looming battery boom: Samsung's next-gen solid-state EV batteries could require up to 1 kilogram of silver per vehicle, a 20x jump from current battery chemistry.
Adding to the bullish pressure is India's sudden interest. The country imported 225 million ounces of silver in 2024 alone and could surpass 200 million ounces in ETP holdings by 2027, combining cultural affinity with a growing appetite for financial exposure.
For U.S. investors looking to position, the iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) and the Aberdeen Silver ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIVR#NYSE">SIVR</a>) track silver spot prices directly. More aggressive bets lie in the Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) or the ETFMG Junior Silver Miners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SILJ#NYSE">SILJ</a>).
If the golden ratio starts to snap back, silver may not just play catch-up — it might just outrun the headlines.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45541977/from-bars-to-blocks-bitcoin-now-outshines-gold-in-american-wallets">From Bars To Blocks: Bitcoin Now Outshines Gold In American Wallets</a></li>
</ul>
Photo: Shutterstock

The Golden Ratio's Silver Surprise: This Metal's Price Could Double

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/05/21/final-trades-silver-paycom-software-and-doordash.html">Halftime Report Final Trades</a>,&#8221; Joseph M. Terranova, Senior Managing Director for Virtus Investment Partners, said DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) reported strong quarterly earnings two weeks ago. 
There is a very strong near-term momentum, that's pushing it towards a 52-week high despite a triple-digit PE, he added.
DoorDash, on May 6, reported strong order growth and confirmed two major acquisitions, even as quarterly revenue missed analyst expectations. The company also reported quarterly GAAP earnings of 44 cents per share, beating the analyst consensus estimate of 39 cents. Quarterly revenue reached $3.03 billion, missing the $3.09 billion analyst consensus estimate. The revenue grew by 21% year-over-year.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>.
Bryn Talkington, Managing Partner of Requisite Capital Management, named The iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>), an ETF that invests in silver, as her final trade.
Gold is up 35% over the past year, while silver is up 3%, <a href="https://www.benzinga.com/quote/SLV">according to a note from Jonathan Krinsky.</a>
Silver futures gained around 0.1% to trade at $33.68 an ounce this morning.
Kari Firestone, Chair Emerita of Aureus Asset Management, said Paycom Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>), an employment and benefits software company, had some integration problems with one of their products, but they are beyond that. The stock is acting better, she added.
Supporting her view, Paycom Software, on May 7, reported better-than-expected first-quarter earnings and sales.
Price Action:
<ul class="wp-block-list">
<li>Paycom Software shares fell 1.3% to close at $257.25 on Wednesday.</li>
<li>DoorDash shares fell 0.2% to close at $204.77 on Wednesday.</li>
<li>iShares Silver Trust gained 1.3% during Wednesday's session.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/25/05/45540545/jim-cramer-recommends-not-buying-mosaic-doesnt-like-this-industrial-stock"> </a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45540545/jim-cramer-recommends-not-buying-mosaic-doesnt-like-this-industrial-stock">Jim Cramer Recommends Not Buying Mosaic, Doesn&#8217;t Like This Industrial Stock</a></li>
</ul>
Image: Shutterstock

DASH

PAYC

DoorDash, Paycom Software And More On CNBC's 'Final Trades'

Press Releases

Key Metals Surge, Unlocking New Opportunities for Savvy Mining Investors

GDXJ

PALL

SBSW

TSX:PTM

<img decoding="async" style="height: 382px; width: 700px;" src="https://thearorareport.com/wp-content/uploads/2024/07/2024-07-23_08h48_24.png" alt="" />
本日の注目ポイントは以下の通りです。
<h4>投機的なセンチメント</h4>
以下の点に注目：
<ul>
<li>この記事は個別の銘柄ではなく、大局についてのものである。TSLA株のチャートはさまざまな視点について示すために使用されている。</li>
<li>投機的なセンチメントは株式市場の主要なドライバーの一つである。
<ul>
<li>投機的なセンチメントが現在非常に高い水準にある。</li>
<li>ヒューマノイドロボットとロボタクシー vs 電気自動車の戦いが予想される。この戦いの結果は、投機的なセンチメントに大きな影響を与えるか、あるいは取り除くかに関わる。</li>
</ul>
</li>
<li>チャートによると、TSLA株はガンマ・スクイーズがかかり急騰している。ガンマ・スクイーズはウォール街の重要なメカニズムである。投資家はウォール街のメカニズムについて学ぶことで大きな利得を得ることができる。</li>
<li>チャートは、TSLA株の抵抗ゾーンとサポートゾーンを示している。</li>
<li>チャートのRSIによると、TSLA株は過剰買い気味になっている。これにより、TSLA株が上昇するのを容易にする。</li>
<li>テスラの決算発表後の戦いが株式の主要な決定要因となるだろう。本日の取引の終了後にテスラは決算を発表する。</li>
<li>イーロン・マスクは、テスラの株主の一部にヒューマノイドロボット、ロボタクシー、AIにフォーカスするように働きかけることに成功した。マスク氏の株主基盤の再構築に成功したにもかかわらず、テスラ株の大部分の株主は引き続き同社の電気自動車部門に焦点を当てている。</li>
<li>電気自動車事業は引き続き弱く、さらに弱くなる可能性が高い。</li>
<li>マスク氏は、テスラがヒューマノイドロボットを生産しており、これらは来年テスラで稼働すると語った。
<ul>
<li>テスラは2026年から他社にヒューマノイドロボットを販売することを目指している。</li>
</ul>
</li>
<li>テスラのロボタクシーイベントは8月から10月に延期された。ロボタクシーに関するさらなる煽りと目を見張るような予測を期待していい。</li>
<li>決算発表後、電気自動車に焦点を当てる人々と、ヒューマノイドロボットとロボタクシーに焦点を当てる人々との間で戦いが繰り広げられる。この戦いの結果は、TSLA株だけでなく、株式市場全体のセンチメントにも影響を及ぼすだろう。</li>
<li>重要な決算の中で、ジェネラル・モーターズ（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>）、ゼネラル・エレクトリック（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>）、コカ・コーラ（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>）、ロッキード・マーティン（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>）、SAP（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>）、Spotify Technology SA（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>）が予想を上回る決算を発表した。</li>
<li>ユナイテッド・パーセル・サービス（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>）とNXPセミコンダクターズ（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a> ）は予想を下回る決算を発表した。</li>
<li>S&amp;P500の企業のうち、約25％が今週決算を発表している。</li>
<li>株式市場は、カマラ・ハリスが大統領指名を獲得するために必要な代議員を確保したというニュースに大きな反応を見せている。しかし多くの市場関係者は、この興奮は一時的なものだと考えている。</li>
</ul>
<h4>インド</h4>
インドは引き続き最も優れた長期投資機会の一つである。フルディスクロージャーとして、インドに焦点を当てたファンドであるFairfax India Holdings Corp（OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFXDF#OTC">FFXDF</a>）は The Arora Report の ZYX Buy Model Portfolio に含まれている。インドにフォーカスした3つのETF、WisdomTree India Earnings Fund（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPI#NYSE">EPI</a>）、iShares MSCI India Small-Cap ETF（BATS:<a class="ticker" href="https://www.benzinga.com/stock/SMIN#BATS">SMIN</a>）、VanEck India Growth Leaders ETF（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLIN#NYSE">GLIN</a>）が The Arora Reportの ZYX Emerging Model Portfolio に含まれている。
インドの株式にとって、中央政府の予算は常に大きなイベントとなる。この度発表された予算は、長期的には素晴らしいものだが、短期的には、キャピタルゲイン税が増えたことによって投資家が慄いている。短期キャピタルゲインには20％の税率、長期キャピタルゲインには12.5％の税率が適用される。
<h4>投資の賢者の７つの流れ</h4>
早朝の取引では、Tesla Inc（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>）のマネーフローはプラスに傾いている。
早朝の取引では、Apple Inc（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>）、Amazon.com, Inc.（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>）、Alphabet Inc Class C（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>）、Meta Platforms Inc（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>）、およびMicrosoft Corp（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>）のマネーフローは中立的なものである。
早朝の取引では、NVIDIA Corp（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>）のマネーフローはマイナスに傾いている。
早朝の取引では、SPDR S&amp;P 500 ETF トラスト（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>）とInvesco QQQ トラスト シリーズ1（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>）のマネーフローはマイナスに傾いている。
<h4>株式のモモ・クラウドとスマートマネー</h4>
SPYとQQQのマネーフローを知ることで、投資家は利点を得ることができる。株式、金、および原油の買いがスマートマネーによって行われたタイミングを知ることで、投資家はさらなる利点を得ることができる。金にとって最も一般的なETFは、SPDR ゴールド トラスト（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>）である。銀にとって最も一般的なETFは、iShares Silver Trust（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>）である。原油にとって最も一般的なETFは、アメリカン・オイル・ファンド（ASCA:USO）である。
<h4>ビットコイン</h4>
ビットコインの大口投資家は、ビットコイン（暗号通貨: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>）を月面まで駆け上がらせる野心的なトランプの噂に取り組んでいる。その噂とは、トランプが、ビットコインを国家的な戦略準備金にすることができるというものだ。なお、トランプは、これに先立ち、ビットコインを100％ハイプした2024年の会議（およびそのラウンドテーブルイベント）に投資家を招待している。トランプはこの会議に対して、1人当たり84.5万ドルの費用を支払うことが条件となっている。
<h4>保護バンドと今後の対応</h4>
投資家にとっては、前方を見ることが、後方を見ることよりも重要である。
良質な、非常に長期のポジションを維持することを検討してみるのも一つの方法である。個々のリスク選好に基づき、現金あるいは国債、あるいは短期の戦術的取引、または短期から中期のヘッジ取引を含む保護バンドを考慮することも重要だ。これは自己を保護するための良い方法であり、反対に利益を伸ばすことができる。
投資家は、ヘッジと現金を合算することで、自己の保護バンドを確定することができる。高い保護バンドは、年配者または保守的な投資家に適している。低い保護バンドは、若い投資家または積極的な投資家に適している。もしヘッジを行わない場合、現金の合計額は上記よりも多く、しかしそれ以上にヘッジを行った場合よりも現金の合計額は少ない。
保護バンドが0％の場合、その時点での市場予測は非常に楽観的であり、投資家は現金を0％保有し、100％の資産を株式に投資することを選択したことを意味する。一方で保護バンドが100％の場合、その時点での市場予測は非常に悲観的であり、投資家はヘッジまたはショートセリングの方法で自己を保護しようと決意したことを意味する。
新たな機会を活用するには、十分な現金を保有していなければならない。これは投資家にとって非常に重要なポイントである。ヘッジレベルを調整する際には、株式ポジション（ETF以外）の部分的なストップ数量を調整することを検討する。また、残りの数量に対して幅の広いストップを使用すること、およびハイベータ株に対してもっとスペースを与えることを検討することも重要だ。なお、ハイベータ株とは、市場よりも個

中東で再び緊張が高まっており、イスラエルの戦争内閣は国の対応を熟慮するために月曜日に開会し、<a href="https://www.benzinga.com/markets">市場に衝撃を与えました。</a>
イスラエルがイランに対する報復策を検討しているという見出しにより、株式市場は急落し、金の価格が急騰しました。
何が起こったのか：チャンネル12は、イスラエルの内閣がイランに「明確で力強い」対応することを決定したと発表し、これはイスラエルが「このような大規模な攻撃を受けても無反応でいることは許さない」というイスラエルの信号を意味しています。
イスラエルの国防大臣ヨアブ・ガランは、イランがイスラエルに対する直接攻撃を繰り返すことを耐えかねると米国国防長官ロイド・オースティンに伝えましたが、この対応は中東全体を巻き込むような地域全体の紛争に発展することを回避します。 
国家安全保障会議報道官のジョン・カービーは、イランの攻撃を「壮大で恥ずべき失敗」と表現し、今日の「世界の多くはイスラエルとともに立っている」と強調しました。
先週日曜日、G7首脳会議は、イランのミサイル計画に対する新たな制裁を検討しており、イスラエルを支持しつつ、さらなるエスカレーションを防ぎたいと考えています。 
バランスのとれたアプローチを提唱する国務長官アントニー・ブリンケンは、「力と知恵は同じコインの異なる面でなければならない」と述べ、状況を慎重にかつ断固として処理することを示唆しました。ブリンケンはまた、地域のパートナーとの継続的な協議を確認し、外交努力を約束します。
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
米国はイスラエルを支援することを約束しています。イランによるイスラエルへの前代未聞の攻撃に続き、我々は外交的な対応を調整し、エスカレーションを防ごうとしています。 <a href="https://t.co/9gW2gC8Y5s">pic.twitter.com/9gW2gC8Y5s</a>
&mdash; Secretary Antony Blinken (@SecBlinken) <a href="https://twitter.com/SecBlinken/status/1779940420174155836?ref_src=twsrc%5Etfw">2024年4月15日</a></blockquote>
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</figure>
一方、中国は国連で、イランの行動をイスラエルの侵略に対する正当防衛として擁護する一方で、対照的な意見を述べました。 「イランには自衛権があります。イスラエルは国際法に違反してイラン領事館を攻撃しました。イランは反応し、自国の法的権利を行使しました」と述べました。 
なぜ重要なのか：米欧の同盟国は、世界的な影響を持つような地域全体の戦争の拡大を避けるようイスラエルに何度も警告しています。 
人的被害の観点でのみならず、イランとイスラエルの間の戦争の経済的影響は、世界経済にとって極めて破壊的であると言えます。
最初のリスクの1つは、原油価格の上昇に関連するものです。イランの原油生産は現在、世界供給の約3.4mb/d（3.3％）に上昇しています。
ゴールドマン・サックスによると、現在世界の17%の原油生産が流れているホルムズ海峡の原油の流れが途絶すると、1か月で原油価格が20%上昇し、途絶が数か月間続くと、最終的には2倍になります。 
市場の反応 SPDR S&amp;P 500 ETF トラスト（NYSE：<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>）は米国東部時間3:00pm現在、1.2％下落し、2か月ぶりの最低水準でのクローズを予想しています。
先週金曜日の損失率1.8％に追随した形で、米国株中心のInvesco QQQ トラスト（NASDAQ：<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>）は1.6％低下しました。 
不動産セレクトセクター SPDR トラスト（NYSE：<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>）は2.1％ダウンし、リアルタイムで総合株指数において最大の損失を記録しました。 
仮想通貨市場は一段と悪化し、仮想通貨は大損を報告しました。 ビットコイン（CRYPTO：<a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>）は6％下落し、62400ドルとなりました。 イーサリアム（CRYPTO：<a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>）は、4.1％下落し、3024ドルとなりました。
一方、ゴールド（金）やシルバーは急激に上昇し、投資家たちはこぞって安全な資産に逃避しました。
SPDR ゴールド トラスト（NYSE：<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>）は1.5％上昇し、史上最高のクローズを記録しました。 シルバーは、2月2021年以来の最高値でのクローズを目指し、2.9％上昇しました、というのも iShares シルバー トラスト（NYSE：<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>）が報じています。
原油は、米国の早い時間帯の損失を取り消し、西テキサス中間原油はバレル85ドルを超える急騰を見せました。米国石油基金（United States Oil Fund）（NYSE：<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>）は0.1％上昇しました。 
チャート：2024年4月15日におけるSLV、GLD、USO、SPY、QQQ、BTCの株価
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/15150756/image-79-1024x495.png" alt="" class="wp-image-292577" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/15150756/image-79-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/15150756/image-79-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/15150756/image-79-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/15150756/image-79-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/15150756/image-79.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
今すぐ読む: <a href="https://www.benzinga.com/news/24/04/38239994/financial-markets-on-edge-as-oil-and-gold-prices-could-soar-amid-rising-israel-iran-tensions">イスラエルとイランの緊張が高まる中、原油と金の価格が急騰する可能性があるため、金融市場は緊迫している</a>
写真：シャッターストック
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