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Silver mining playbook

From bluenotes.anz.com

While normally silver outperforms gold in a rising gold price environment, it did not happen last year due to lacklustre investment flows from Exchange Traded Funds (ETFs) for both the metals. "China and India are important silver-consuming countries – and they are both restocking silver. The spot premium for silver in China has risen above US$2 an ounce so far this year, which reflects strong demand." But changes in the world economy could lead to silver outperforming gold in 2024. What are the factors driving silvers re-emergence? Demand is up Aggressive monetary tightening led to the disinvestment of 137 million of ... (full story)

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  • Category: Fundamental Analysis