Here’s What to Expect for Gold and Silver Mining Stocks as the Iran Conflict Continues

The increases in speculative demand suggest that silver and particularly gold are prone to a broad-based sell-off, so the idea that they will be a near-term safe haven is questionable.

There is a long-term case for gold, given its potential to replace the U.S. dollar as a reserve currency at Central Banks, not least due to rising U.S. debt levels and the threat of the weaponization of finance in a world rife with geopolitical tensions.

There’s also a strong case for silver, given its importance to the industrial sector (gold and silver demand from technological and industrial sources remained relatively stable) and use in data centers.

But now may not be the best time to buy in, as volatility around the Iran War will only end when the conflict does, which could mean more speculative money flows out of gold and silver in the near term.

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Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Here’s What to Expect for Gold and Silver Mining Stocks as the Iran Conflict Continues was originally published by The Motley Fool