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From a supply and demand perspective, precious metals still look like an attractive investment case. Years of underinvestment in supply is now being met with rising demand due to global fiscal spending and ultra low interest rates. As supply can not be created overnight, precious metals prices are likely to rise if demand increases - source: Crescat capital 

Bleached softwood kraft pulp futures have risen 48% on the Shanghai Futures Exchange since Dec. 1, to about $1,037 a ton. Meanwhile, producers around the world are boosting prices for the wood mash at unusually sharp rates. Domtar Corp. UFS 0.13% , based in South Carolina, said it would raise prices this month between $100 and $130 a ton, depending on grade. Source: WSJ

Futures rose as much as 3.3% on Wednesday following a turbulent two days that saw the market whipsawed as an investor stampede into the metal gave way to swift exits. Silver’s emergence as a focus of an online forum that trains its fire on supposedly shorted assets pushed prices above $30 an ounce on Monday before a 10% tumble on Tuesday as CME Group jacked up margin requirements. Source: Bloomberg

Futures in New York edged above $55 a barrel after jumping almost 5% over the previous two sessions in tandem with a broader rally in financial markets. The American Petroleum Institute reported crude inventories fell by 4.3 million barrels last week, people familiar with the data said. Chinese stockpiles have dropped to the lowest in almost a year, according to data provider Kayrros. Source: Bloomberg

Sales of U.S. gold bullion coins rose 258% in 2020 while silver coin demand was up 28%, the U.S. Mint said Tuesday. This has led to bullion dealers running dry of stock and physical premium to paper silver prices soaring to record highs. And with Reddit-Raiders taking aim at Silver, demand for silver (and gold coins) has exploded...The US Mint is limiting distribution of its gold, silver and platinum coins to specific dealers because of heavy demand, and a limited number of suppliers of metals, it said in a statement. The United States Mint said on Tuesday it was unable to meet surging demand for its gold and silver bullion coins in 2020 and through January, due partly to pandemic-driven demand and plant capacity issues... Heavy buying has continued in 2021, it said, squeezing supplies, which had already been tight as the coronavirus affected production. The last time the US Mint 'admitted' its inability to meet demand was in June 2010. The reaction in precious metals is summarized on the chart below (Gold in brown and Silver in grey) - source: www.zerohedge.com