From Volatility to Value: Industry’s Pivot to Thrifting and Recycling Silver

From lbma.org.uk

Over the past few years, precious metal prices have experienced sharp increases, with gold and silver seeing significant gains. Following the COVID-19 pandemic, central banks worldwide implemented extensive monetary easing policies. This, combined with escalating geopolitical tensions and trade conflicts, led to the strong need for safe-haven assets. Gold prices first surpassed US$2,000/oz in 2020. After a period of consolidation, the bullish trend resumed in 2023, with prices surpassing the US$3,000/oz mark this year and setting a new all-time high of over US$3,500/oz in April. Similarly, silver has followed this ... (full story)