Goldman Sachs Warns Metal Markets on Brink of Another Wild Ride

Daan Struyven, co-head of global commodities research at Goldman Sachs, warns that metal markets are in for another wild ride due to ongoing trade uncertainty.

The bank's note to investors highlights the volatility in critical metals such as silver, copper, platinum, and palladium, which have seen sharp price increases outside the US.

Struyven notes that even with high global stockpiles, metals can still experience extreme price swings due to sudden buying frenzies, particularly in countries trying to hoard supply.

Copper is a key concern, as demand is expected to exceed supply for the next decade, and its role in AI infrastructure buildout has put it under intense scrutiny.