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Silver’s Record Industrial Demand and Deficit to Underpin Prices

From bnnbloomberg.ca

After a strong start to the year, silver should remain supported by record industrial usage and a supply deficit, according to the Silver Institute. Industrial consumption hit an all-time high in 2023 and is expected to expand another 9% this year, driven by green-related applications such as solar panels, the institute said in its World Silver Survey report on Wednesday. That will help the metal record a fourth straight annual supply shortage. Silver, known as the devil’s metal because of its often wild swings, is trading near a three-year high as it tracks a rally in gold that has partly been fueled by demand for a ... (full story)

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  • Category: Fundamental Analysis