Positioning risk in the metal rally: what investors need to watch

Gold and silver burst to fresh all-time highs this week as investors piled into hard assets amid geopolitical uncertainty, rising fiscal deficits, and ongoing debate over the path of US interest rates.

Silver’s surge has also been fueled by tightening inventories and stronger industrial demand, from solar to defense technologies.

Copper joined the rally on electrification trends, helping push Canada’s TSX to new highs as mining and energy stocks outperformed.

We spoke to Rebecca Teltscher, portfolio manager at Newhaven Asset Management, to unpack what’s driving this market and how investors should position themselves.