Milk Road Macro Is This the Start of a New Commodity Supercycle? w/ Clem Chambers
Feb 10, 2026
Clem Chambers, British entrepreneur and financial commentator who writes on precious metals and macro trends, unpacks why gold, silver, platinum, palladium, and copper are moving. He connects metals to geopolitics and central bank buying. He explores AI’s huge energy and metal demand, supply constraints, and why some industrial metals may stay tight.
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Why He Sold Silver After The Spike
- Clem shares he sold his silver after a big run and keeps gold, palladium, platinum, and copper.
- He explains he won't go back into silver until it 'syncs up' with gold and volatility calms.
Volatility Signals Market Uncertainty
- Clem Chambers warns volatility means the market lacks knowledge and direction right now.
- He says wait for volatility to shrink before re-entering silver or riding the next major move.
Tiny Supply, Big Industrial Demand
- Clem links palladium and platinum demand to energy and emissions control needs tied to AI and energy buildout.
- He stresses supply is tiny (~200 tons each) so industrial demand can push prices dramatically higher.
