Silver to see second-highest deficit in 20 years, as record industrial demand rises 9% in 2024 - Silver Institute’s World Silver SurveyKitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity.
At the same time, Metals Focus sees jewelry fabrication rising by 4% to 211.3 million ounces and silverware up 7% to 58.8 million ounces. However, the precious metals research firm forecasts disappointing investment demand, with physical bar and coin purchases dropping by 13% to 212 million ounces this year.
In this environment, Newman said that although investors should expect to see some volatility, there is long-term value in the silver market, well supported by solid demand. “Even with the recent retreat, a still high gold:silver ratio will also attract some investors who view silver as undervalued over the long term, perhaps also as its strong fundamentals gain attention,” the analyst said in the report.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »