How to buy into the next big commodities bull market

Commodity prices move in cycles. And we’re at the start of the next big uptrend as a shortage in supply hits a surge in demand. Merryn Somerset Webb picks the best ways to buy in.

Mining dump truck loaded with nickel ore
Demand for industrial metals is rising
(Image credit: © Ron D'Raine/Bloomberg via Getty Images)

Last weekend everyone slightly wished they owned silver. The social-media driven investors who so upset the market with their short squeeze on GameStop spent Saturday and Sunday chatting about doing the same to the metal – which obligingly rose 7.7% on Monday alone.

The excitement has died down since the r/wallstreetbets Reddit chatroom has dropped out of the headlines. But while you need never think of GameStop again, you should definitely keep thinking about silver.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.