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Silver's stubborn supply deficits and rising industrial and monetary demand offer ‘multiple avenues for future appreciation’ – Sprott’s Paul...
Silver enjoys a unique combination of ongoing supply deficits, rising industrial and monetary demand, and tight physical market conditions, which offer multiple vectors for prices to appreciate, according to Paul Wong, managing partner and market strategist at Sprott Inc. In a recent analysis of the precious metals market, Wong noted that silver prices recorded their largest monthly decline since September 2011 in June. “For the quarter ended June 30, silver fell $16.57/oz, or -22.04%, the worst quarter since the first quarter of 2020 during COVID panic selling,” he noted. “Silver’s selling wave in June ... (full story)
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The Producer Price Index for final demand fell 0.3 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.6 percent in May and 1.1 percent in April. (See table A.) On an unadjusted basis, the index for final demand increased 5.5 percent for the 12 months ended in June. The June decline in the ...
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From visualcapitalist.com | 9 hr ago
Silver has historically experienced greater volatility than gold during recessions and market downturns. In 2008, for example, gold rose 3.4% while silver fell 26.9%, before silver rebounded 57.5% in 2009 and 80.3% in 2010. Gold and silver are both precious metals, but the data shows they can behave very differently under stress. Gold tends to act as the ...
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- Jul 15, 12:58pm | 2 hr 31 min ago Posted byFundamental Analysis28
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