Gold may be peaking before a bear market slump; silver supply rises as coin demand slides – Heraeus

By Ernest Hoffman – Kitco

Gold prices may be peaking before they enter a prolonged period of decline, while silver mining production is growing even as coin demand shrinks, according to precious metals analysts at Heraeus.

In their latest precious metals update, the analysts warned that while gold’s performance over the last 18 months has been remarkable, prices may be reaching a top. “As the price nears $3,000/oz, signs of excess frothiness are becoming clearer, despite what appear to be firm fundamental drivers,” they wrote.