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![Metals Minute: Physical Silver](https://mgi.usgoldbureau.com/media/amasty/blog/cache/m/e/500/333/metals-minute-500x333.jpeg?width=1920&quality=75&auto=webp&format=pjpg)
Silver is the story today, with news across the Twittersphere of wealthy investors across Europe demanding physical silver from wealth managers instead of paper silver products such as silver-based ETFs. Silver price is up 3.7% for the week to $23.91, gold is up $2 to $1,832, platinum is up 3.5% to $1,025, and palladium is up 2.3% to $2,010.
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Since a year ago today, gold has been down a fraction, silver is down 5.3%, platinum is down 6.1%, and palladium is off 15.3%.
The financial media is reporting the highest German bond yields since 2019, with the 10-yr German Bond yielding 0.013%. It is the first time since May of 2019 the yield has been above 0%, reflecting a drop in the price of these bonds as inflation wreaks havoc worldwide. Though nominally positive, this yield (like US Treasury yields) is still negative in real terms due to inflation.
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Mortgage rates have also risen for the fourth month in a row in the United States, reaching the highest levels in 2 years. Gold as a family savings vehicle has been shown useful in helping children obtain housing in the future, despite inflation and higher interest rates on loans.
About the Author: Bill Stack
Financial Analyst of 29 years and Gulf War Veteran, Bill has been helping families nationwide keep their money safe and growing since 1993. As a Certified Financial Fiduciary® and a RICP®, Bill specializes in helping protect your assets with growth potential.
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