BofAML's Widmer Says 'Relatively Bullish' on Precious Metals

The video discusses the impact of global trade tensions on various asset classes, particularly focusing on copper as a proxy for trade wars. It highlights the challenges faced by China, the US, and Europe in stimulating their economies. The medium-term outlook for copper is considered, with attention to electric vehicles and battery demand. The video also analyzes the silver market, noting the decline in demand from the photography sector and the influence of the gold-silver ratio. Finally, it examines the role of the dollar and Federal Reserve policy in shaping the market for precious and base metals.

In what ways has the copper market been affected by global trade tensions?

What is the significance of synchronized global growth cycles for base metals?