Is Silver Entering A New Supercycle After 50 Years Of Price Suppression? | The Core Report

On Episode 780 of The Core Report, financial journalist Govindraj Ethiraj talks to Vijai Mantri, Founder & Chief Investment Strategist at JRL Money as well as Anindya Banerjee, Head – Currency & Commodity Research, Kotak Securities. We also feature an excerpt from our recent India Energy Week interview with Vikas Kaushal, Chairman and Managing Director at HPCL.
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SHOW NOTES
(00:00) Stories of the Day
(00:50) The Head spinning Greenland U-Turn lifts markets
(02:50) Foreign capital is moving to safety, why is that?
(09:58) Are we nearing peak oil and what that means for India
(16:54) What's happening in the silver markets?
(27:50) Feedback

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The U Turn:

Wall Street called it Donald Trump’s head spinning Greenland U turn.

Markets spun too. Global equities, currencies, and commodities reacted sharply as uncertainty peaked this week. India, still recovering from recent losses, felt the impact. Panic was visible when Trump arrived in Davos. By the end of the same day, he backed down.

The reversal followed back channel talks between Trump’s advisors and European leaders, including NATO chief Mark Rutte and German Chancellor Friedrich Merz. The Wall Street Journal reported that Europe united against any US move on Greenland, offering Arctic security cooperation while warning of damage to NATO ties. After meeting Rutte, Trump dropped plans for tariffs on Europe and claimed progress toward a future deal.

This episode matters because it reveals Trump’s negotiation style when faced with resistance. Markets took comfort from the retreat. Indian equities snapped a three day losing streak on Thursday, though losses from recent weeks remain. Trump’s comments on a possible US India trade deal also supported sentiment.

The Sensex rose 397 points to 82,307. The Nifty 50 gained 132 points to 25,289. Mid and small caps advanced. The rupee broke a six day losing streak, closing stronger at 91.63 per dollar.

Foreign investor outflows remain a concern, with over 19 billion dollars exiting Indian equities. Vijai Mantri of JRL Money says the key question is why global capital is moving to safety. Govindraj Ethiraj spoke to him about market outlook and investor flows.

Gold:

Gold prices eased on Thursday after a three session rally. Spot gold slipped to around 4,824 dollars per ounce but remains up about 12 percent this year, nearing forecasts of 5,000 dollars.

NBFCs focused on gold loans are set for strong growth. Crisil projects assets under management to cross four lakh crore rupees, driven by high gold prices and secured lending demand.

Oil Slips:

Oil prices fell as geopolitical tensions cooled. Brent slipped to around 64 dollars a barrel, while WTI fell below 60. As part of India Energy Week, Govindraj Ethiraj spoke with Vikas Kaushal of Hindustan Petroleum on India’s refining outlook.

Silver:

Silver futures dropped on MCX amid easing safe haven demand. A new Kotak Securities report argues silver is moving from decades of price suppression toward a structural supply shock. Govindraj Ethiraj spoke with Anindya Mukherjee on what is changing in global silver markets.

Is silver entering a new supercycle after decades of price suppression? This episode of The Core Report explores silver markets, global capital flows, gold prices, oil trends, and India’s market outlook with expert insights. Stay informed on commodities, investing, and business news shaping the next market cycle.

#SilverSupercycle #SilverPrice #Commodities #IndianMarkets #TheCoreReport #TheCore

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