Precious metals news

"As long as people aren't all coming in at the same time and demanding that their deposits back, you're okay, but that's exactly what's been happening," Prof. Stephan Weiler told Fortune. "So the chances of facing those unrealized losses are going up."

Investors are fleeing to cash in the biggest rush since the onset of the pandemic as concerns of an economic slowdown mount, according to Bank of America Corp. strategists who see equity and credit markets slumping in coming months.

A Federal Reserve facility that gives foreign central banks access to dollar funding was tapped for a record $60 billion, in a week of banking stress that has roiled markets.

Despite quick action by regulators and policy makers, there's a rising risk that banking-system stress will spill over into other sectors and the U.S. economy, "unleashing greater financial and economic damage than we anticipated," said Moody's Investors Service, one of the Big Three credit-ratings firms.Simply put, the risk is that officials "will be unable to curtail the current turmoil without longer-lasting and potentially severe repercussions within and beyond the banking sector," Atsi Sheth, Moody's managing director of credit strategy, and others wrote in a note distributed on Thursday.

Banks reduced their borrowings only slightly from two Federal Reserve backstop facilities in the most recent week, a sign that institutions are taking advantage of the central bank’s liquidity in the wake of turmoil.

U.S. Treasury yields fell on Friday as investors considered what the latest banking sector developments and the Fed’s policy path could mean for the economy.

Banks are sitting on unrealized losses thanks to rising interest rates. That helped lead to the implosion of Silicon Valley Bank this month. Institutions borrowed $53.7 billion from the Bank Term Funding Program as of Wednesday, up sharply from $11.9 billion last week.

Federal Reserve emergency lending to banks, which hit record levels last week, remained high in the latest week, amid continued large scale extensions of credit to the financial system, which now includes official foreign borrowing.

Investors' attention shifted from this week's Federal Reserve meeting back to the global banking system.

Banking stocks fell sharply in Europe on Friday with heavyweights Deutsche Bank and UBS Group pummelled by worries that the worst problems in the sector since the 2008 financial crisis have not yet been contained.

There is no specific news on DB to catalyze these moves but if DB is next, then the world's financial system has a serious problem that makes CS look like SVB.

...just as Biden ordered to contain inflation, as US consumer spending is now in freefall - we pointed out that something bad was taking place in Europe: the credit default swaps of perpetually semi-solvent banking giant Deutsche Bank were quietly blowing out to multi-year highs.

Global markets were rattled again by two new problems, injecting a new dose of fear into an already on-edge banking sector.

On Wednesday, the Federal Reserve raised interest rates again despite the problems in the banking system. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the Fed's inflationary efforts to paper over the problems in the financial system while still keeping up the pretense of an inflation fight. He says it's like trying to thread a needle with rope.

Investors are piling into gold and silver as the Banking Contagion spreads from the U.S. to Credit Suisse and now Deutsche Bank.  Not only is this driving up the premiums, next week is also an important technical BREAKOUT area for Gold and Silver...

It’s really quite simple. When precious metals rallied in 2020, on the back of lockdowns, interest rates slashed to zero, QE, and general market fear, silver’s gain was double that of gold.

Silver is close to the cost of production. When sellers run out of physical supply, the PMs will soar. Most major pension funds, deep pocketed investors, have less than..

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The rise of digital gold is not surprising given the increasing popularity of digital assets and the ease of investing in them. Digital gold is essentially a form of gold that can be traded and stored electronically.

Silver Jewelry Maintains the Highest Margins Compared to  Other Precious Metals (Washington, DC, March 23, 2023) Silver jewelry is popular among consumers and jewelry retailers because of its beauty, luster, design options, and affordability. With silver jewelry consumption on the rise, and to get a better sense of the U.S. silver jewelry retail market, the ...