With supply unable to outpace demand, silver is poised for huge growth in the long term, said Sprott.

Yamana's Peter Marrone said there are discussions for other prospective deals in the gold industry.

Capital expenditure by oil and mining companies is down to a 15-year low despite a 40% rise in global commodity consumption over the same period, according to a new report.

There is this expectation from the market that Biden might press the Fed to do more to fight these inflationary pressures, analyst said.

Officials in Shanghai announced an end to a two-month lockdown on Monday.

If global automakers think they can extend their dominance in China into the electric era, they may be in for a shock.