the future of the money market; Sixth year of supply deficit in the shadow of falling industrial demand Silver falls from a high of $121 to below $50 Will the silver giant wake up again?
According to the Kitco News report, the money market is still facing difficulties in attracting investors after the historic price drop at the beginning of this year. However, one research institute remains optimistic that the long-term outlook for the precious metal remains positive; Even in a situation where industrial demand is weakening and the market is moving towards a greater balance between supply and demand.
Philip Newman, CEO of Focus Metals Research Institute, in an interview with Kitco News, announced that despite the significant volatility that affected the silver market this year, prices showed significant resistance.
Newman explained that industrial consumption continues to provide fundamental support for the money market; However, producers are looking for ways to reduce their dependence on this metal in conditions of high prices.
Report details.