Jornal de Negocios PT

Matthew Michael: Ouro ainda vai subir mais. Prata não é tão atrativa

Para o analista da Schroders, o ouro continuará resiliente, apesar da potencial volatilidade que vá encontrando. Já os níveis atuais da prata não devem ser sustentáveis a longo prazo. No reino dos metais industriais, é o cobre que comanda.

Mar 10, 2026 &03001010202631; 09:00 UTC www.jornaldenegocios.pt Trending 2/5

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Positive for markets

Sentiment score: +65/100

Moderate impact Medium-term (weeks)

WHAT THIS MEANS

Schroders analyst Matthew Michael projects further upside for gold despite potential volatility, while cautioning that current silver levels are unsustainable long-term. Copper remains the dominant industrial metal with stronger fundamentals.

AI CONFIDENCE

75% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Gold Futures

GC=FCommodity

Expected to rise

Analyst projects continued resilience and further upside for gold despite near-term volatility

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Silver Futures

SI=FCommodity

Expected to decline

Current silver price levels deemed unsustainable long-term, suggesting downside risk

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Oil (WTI Crude)

CL=FCommodity

Expected to rise

Copper identified as the commanding industrial metal with positive outlook

PRICE HISTORY

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⚡ SUGGESTED ACTION

Consider accumulating gold on dips given analyst's bullish medium-term outlook, while avoiding silver at current levels. Copper exposure may offer better risk-reward for industrial metal exposure.

KEY SIGNALS

Gold resilience despite volatilitySilver overvaluation at current levelsCopper strength in industrial metals complexLong-term commodity positioning shift

SECTORS INVOLVED

CommoditiesPrecious MetalsIndustrial Metals

Analysis generated on Mar 11, 2026 at 03:41 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Jornal de Negocios. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Matthew Michael: Ouro ainda vai subir mais. Prata não é tão atrativa

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