Wall Street categorizes metals as precious, base/industrial, and maybe “other” for the weird ones. There is plenty of overlap. Precious metals include gold and silver, of course, but also palladium, for its rarity, high value, and corrosion resistance, even though demand for it is dominated by the car industry. Base metals are common, reactive, and often useful in manufacturing, like copper, zinc, nickel, and tin.
Silver will top gold in 2025. It’s copper’s turn.
