Despite the failure of the PSLV-C62 mission’s last failure last month, the Indian Space Research Organisation remains committed to the launch plans for 2026 and will continue to go ahead with all the 18 planned launches for this year, according to Jitendra Singh, Union Minister of State (Independent Charge) for Science & Technology and Earth Sciences.He added that the next PSLV launch can be expected by June or July. Singh was speaking at the  Research, Industry, Start-up and Entrepreneurship (RISE) Conclav ...

Core Viewpoint - The silver market is experiencing unprecedented interest and price movements, driven by geopolitical tensions and changes in trade policies, leading to a significant decline in the gold-silver ratio for the first time in 14 years [1][4]. Group 1: Market Dynamics - Silver prices have surged, with the gold-silver ratio dropping below 50, indicating a strong market shift [1]. - The U.S. has classified silver as a critical mineral, while China has imposed stricter export controls, intensifying trade tensions [3]. - Investor interest in silver has increased significantly, supported by expectations of Federal Reserve rate cuts and diversification trends in investment portfolios [4]. Group 2: Trading Activity - Current trading activity in silver is 2.1 times its three-month average, surpassing both gold and cryptocurrencies in retail momentum and abnormal capital inflows [6]. - Retail investors have injected a record $921.8 million into silver-related ETFs over the past 30 days, marking the largest buying scale in history [8]. - The iShares Silver Trust (SLV) has seen an unprecedented 169 consecutive days of net inflows from retail investors, indicating a fundamental shift in asset allocation rather than mere opportunistic buying [8]. Group 3: Price Volatility and Future Outlook - Anticipation of potential U.S. tariffs on silver, possibly up to 50%, has led to liquidity pressures in the London market, amplifying price volatility [10]. - Goldman Sachs notes that while silver has shown strong performance, its volatility is higher than gold, which could lead to significant fluctuations in the gold-silver ratio [16]. - The structural advantages of gold remain, with expectations of continued central bank purchases, projected to average 70 tons per month by 2026, significantly higher than the 17 tons per month average in 2022 [14].

Core Viewpoint - The silver market is experiencing unprecedented interest and activity, driven by geopolitical tensions, record inflows from retail investors, and expectations of U.S. tariffs on silver, leading to significant price volatility and a historic drop in the gold-silver ratio [1][3][8]. Group 1: Market Dynamics - The gold-silver ratio has fallen below 50 for the first time in 14 years, indicating a shift in market dynamics favoring silver [1]. - Silver is at the center of trade tensions, with the U.S. listing it as a critical mineral and China imposing stricter export controls, which has heightened investor interest [3]. - Retail trading activity in silver is currently 2.1 times its three-month average, surpassing both gold and cryptocurrencies, suggesting a structural increase in demand rather than just short-term speculation [5]. Group 2: Investment Trends - Retail investors have injected a record $921.8 million into silver-related ETFs over the past 30 days, marking the largest buying spree in history [6]. - The iShares Silver Trust (SLV) has seen an unprecedented 169 consecutive days of net inflows from retail investors, indicating a fundamental shift in asset allocation strategies [6]. - The expectation of potential U.S. tariffs of up to 50% on silver has led to a concentration of silver in the U.S., causing liquidity pressures in the London market and amplifying price volatility [8]. Group 3: Comparative Analysis with Gold - Goldman Sachs notes that despite the current enthusiasm for silver, gold remains a preferred alternative investment for those seeking to diversify away from dollar risk, with a projected 67% performance increase by 2025 [10]. - Gold ETFs currently represent only 0.17% of the U.S. non-cash financial investment portfolio, indicating significant room for growth compared to the peak in 2012 [11]. - The ongoing demand for gold from central banks is expected to continue, with average monthly purchases projected to reach 70 tons by 2026, significantly higher than the 17 tons average in 2022 [11]. Group 4: Future Outlook - Goldman Sachs suggests that the current speculative behavior in silver, driven by physical market tightness, may not be sustainable, and once the excitement fades, the support for silver prices could weaken [14]. - The historical volatility of silver compared to gold suggests that while silver may outperform in certain conditions, the long-term outlook for gold remains strong due to continued central bank purchases and investor diversification [14].

Core Viewpoint - The article suggests that it is an opportune time to take profits from the ProShares Ultra Silver ETF (AGQ) investment, indicating a shift in market conditions that may affect future performance. Group 1: Investment Analysis - The author has a beneficial long position in XAGUSD:CUR and PSLV, indicating confidence in these assets [2]. - The article is based on the author's personal opinions and experiences, rather than professional investment advice [2]. Group 2: Market Context - The article is part of a series covering the ProShares Ultra Silver ETF, reflecting ongoing analysis and updates on market trends related to silver investments [1].

Group 1: Core Insights - Silver prices are expected to reach new highs in 2025, driven by macro liquidity and industrial demand, with the Federal Reserve's interest rate cuts and the gold-silver ratio's recovery acting as macro drivers [1][2] - The industrial value of silver has been historically underestimated, but the global energy transition and the surge in demand for high-performance electronic components in AI data centers are highlighting its strategic importance [1][2] - The silver market has experienced a structural deficit for four consecutive years, with significant outflows from London and New York inventories indicating a supply-demand imbalance [11] Group 2: Macro Catalysts - The decline in interest rates and inflation expectations significantly reduce the holding cost of silver, making it an attractive investment as real interest rates fall [5] - The gold-silver ratio is currently at 65:1, which is above the historical average of 60:1, suggesting potential for mean reversion and upward price movement for silver [5][6] Group 3: Industrial Demand - The photovoltaic industry is the fastest-growing sector for silver demand, with consumption shifting from incremental to a rigid support role, making it difficult to replace silver due to its unique properties [10] - AI infrastructure is consuming vast amounts of silver, as it plays a critical role in high-performance computing and electronic components, further driving demand [10] Group 4: Investment Strategies - Investors can participate in the silver market through three main strategies: 1. Basic allocation via physical ETFs like SLV or PSLV for stable returns [14] 2. Advanced allocation through mining ETFs like SIL or SILJ for higher volatility and potential returns [14] 3. Selecting quality silver stocks such as PAAS, AG, or WPM for alpha generation [15] Group 5: Conclusion - The silver market is poised for significant growth, driven by both macroeconomic factors and industrial demand, indicating that current price levels are not the endpoint but rather a starting point for further increases [17]

Group 1 - The Sprott Physical Gold and Silver Trust (NYSEARCA: CEF) is recommended as a 'buy' due to its overweight position in silver compared to the market capitalization of both gold and silver [1] - The analyst has a beneficial long position in shares of PHYS, PSLV, CEF, XAUUSD, and XAGUSD through various financial instruments [2] - The article reflects the analyst's personal opinions and does not constitute investment advice [2][3]