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Silver could fall further after latest slump, analysts say as they warn of demand destruction
Silver’s breakneck 2025 rally has created the conditions for demand destruction among buyers of the precious metal, according to analysts, who say prices could fall even further from last year’s highs. The metal’s wide range of industrial purposes means it is more sensitive to the economic cycle than gold, as an essential component in a variety of goods, from computers and mobile phones to solar panels and cars. Silver price gains of around 140% last year have been deterring buyers in various industries and its elevated price levels are beginning to weigh on demand, UBS said in a note published on May 22. ... (full story)