Silver's stubborn supply deficits and rising industrial and monetary demand offer ‘multiple avenues for future appreciation’ – Sprott’s Paul Wong - KITCO
Silver's stubborn supply deficits and rising industrial and monetary demand offer ‘multiple avenues for future appreciation’ – Sprott’s Paul Wong - KITCO
Source: KITCO
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DW NOTE
Silver's had a structural deficit for three years running, but the price is down 49% from its peak. That tells you something about how markets discount supply fundamentals when real rates rise and speculative positioning unwinds. Industrial demand is real — solar installations alone consumed 20% of supply last year — but monetary demand evaporates fast when the alternative is 4.54% on a ten-year Treasury.