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The Uber drivers will be talking to you about silver soon.[ATTACH=full]186064[/ATTACH]The panelists noted that the silver market is expected to experience a significant supply surplus this year, and with demand consistently outstripping supply, this trend could continue for the foreseeable future.According to the Silver Institute’s annual silver survey, the market is expected to face a deficit of 215.3 million ounces, the second-largest shortfall in more than two decades. Total global silver demand is projected to rise to 1.219 billion ounces, a 2% increase from last year.Mitchell Krebs, CEO of Coeur Mining, said the silver market has undergone a complete transformation, as silver has become a critical industrial metal. He noted that the global economy’s electrification will require significantly more silver.“I have never seen a better outlook for silver. It’s an extremely exciting time to be in the silver market,” said Krebs.Matt Watson, Founder and President of Precious Metals Commodity Management, emphasized that investors should not underestimate silver's industrial uses as technology and the global economy continue to evolve.“The outlook for growth in electronics is phenomenal. It’s the do-it-all metal on the Periodic Table,” he said. “I don’t see any fundamental downside to silver.”
The Uber drivers will be talking to you about silver soon.
[ATTACH=full]186064[/ATTACH]
The panelists noted that the silver market is expected to experience a significant supply surplus this year, and with demand consistently outstripping supply, this trend could continue for the foreseeable future.
According to the Silver Institute’s annual silver survey, the market is expected to face a deficit of 215.3 million ounces, the second-largest shortfall in more than two decades. Total global silver demand is projected to rise to 1.219 billion ounces, a 2% increase from last year.
Mitchell Krebs, CEO of Coeur Mining, said the silver market has undergone a complete transformation, as silver has become a critical industrial metal. He noted that the global economy’s electrification will require significantly more silver.
“I have never seen a better outlook for silver. It’s an extremely exciting time to be in the silver market,” said Krebs.
Matt Watson, Founder and President of Precious Metals Commodity Management, emphasized that investors should not underestimate silver's industrial uses as technology and the global economy continue to evolve.
“The outlook for growth in electronics is phenomenal. It’s the do-it-all metal on the Periodic Table,” he said. “I don’t see any fundamental downside to silver.”
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