Commodity Roulette with Christopher Ecclestone

Christopher Ecclestone, founder of Hallgarten & Company, shared his insights on the potential consequences of the upcoming US election on commodity markets. He noted that a Trump victory could have “cataclysmic” effects, especially in relation to his stance on electric vehicles (EVs) and international affairs. Ecclestone explained that Trump’s policy of reducing international engagement could destabilize key markets, with significant risks for commodities like lithium and platinum, which rely on global trade. He also commented on the unpredictability of future government actions, citing how the election’s outcome remains highly uncertain.

In his analysis of the precious metals market, Ecclestone pointed out that while gold has seen a price surge, silver has lagged behind. He stated, “Silver has not been able to catch up with gold… it’s still playing catchup,” despite its growing use in industries like solar energy. He emphasised that the direction of silver’s price will depend not just on monetary factors but on broader geopolitical tensions. Ultimately, Ecclestone believes silver will continue to be a safe haven, but its future performance remains closely tied to economic and political events.