Large companies like Zijin Mining (SSE: 601899,HKEX:2899) and Barrick Gold (TSX:ABX,NYSE:ABX) made big moves in the gold space, while silver sector activity included Silver Standard Resources' (TSX:SSO,NASDAQ:SSRI) investment in Golden Arrow Resources (TSXV:GRG). Here the Investing News Network (INN) looks at the five top precious metals articles for the month of May, summarizing them for those who may have missed them the first time around. While most are on gold and silver, a couple of platinum and palladium articles were popular as well. 1. Survey: Will the Gold Price Hit $5,000? At the top of the list is an article that looks at recent price predictions made by Peter Schiff, president and CEO of investment firm Euro Pacific Capital. He sees the gold price climbing to $5,000 per ounce, and it appears many agree with him — INN turned the question of whether gold will indeed rise that high over to readers, and just over half of respondents said it's only a matter of time. 2. Silver Price Could Benefit from Increased Solar Sector Demand Silver investors are always interested in what factors may boost the white metal's price, and for this article, INN caught up with Andrew Leyland of Thomson Reuters GFMS to get some insight. Leyland pointed to the solar industry as a catalyst to watch, noting that demand for solar power is set to rise to 57 gigawatts of electricity in 2015, an increase of 30 percent. 3. Thomson Reuters GFMS: Silver Price to Average $16.50 in 2015 The World Silver Survey is an extensive report completed annually by Thomson Reuters GFMS on behalf of the Silver Institute. This article summarizes the report, outlining key silver price, supply and demand trends for 2014; it also includes some information on what may be in store for 2015. Some 2014 highlights include record silver mine production and the fourth-highest level of demand since 1990; the market was in deficit by 4.9 million ounces for the year.
4. Thomson Reuters GFMS: Platinum & Palladium Survey 2015 Also in May, Thomson Reuters GFMS released its yearly Platinum & Palladium Survey, explaining 2014's supply and demand trends and offering its 2015 outlook. Unsurprisingly, the firm attributes changes within the space, such as deep deficits for both platinum and palladium, to mining strikes in South Africa. Moving forward through 2015, the firm expects the platinum price to average $1,170 per ounce and the palladium price to reach $940 per ounce.
5. Why is Eastern Platinum's Share Price On the Rise?Good news from companies is always worth a second look, and it's no surprise readers were interested to know why Eastern Platinum's (TSX:ELR) share price has risen so much this year. Since announcing last November that it would sell substantially all of its South African assets to China's Hebei Zhongbo Platinum, Eastern's share price has gone up by about 130 percent. Since then, the company has reached an agreement to buy out its minority interest partners in light of the deal and has seen approval from shareholders and from the Chinese government for the transaction. Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article. 5 Top Precious Metals Articles in May from Gold Investing News