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Industrial demand for silver to set new record high in 2024 as market sees fourth straight annual supply deficit – Silver Institute
The global silver market is on pace to record a physical deficit in 2024 for the fourth consecutive year, with the growth of demand from industry the main driver, according to the latest Interim Silver Market Review from the Silver Institute released Tuesday evening. “Record industrial demand and a recovery in jewelry and silverware will lift demand to 1.21 billion ounces in 2024, while mine supply will rise by just 1%,” they said. “Exchange-traded products are on track for their first annual inflows in three years as expectations of Fed rate cuts, periods of dollar weakness and falling yields have raised ... (full story)
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- Posted: Nov 12, 2024 10:43pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 322
