The Silver Institute released a new vision for the global silver market
The demand for silver in 2022 is expected to reach 1.21 billion ounces (16% compared to the previous year). Due to growth in industrial demand, sales of silver jewelry and products and investment in the physical metal, the level reached a record value.
Investors don't trust the government and are buying on falling prices. In India, demand for silver has almost doubled, it recovered from last year's drop. All this provides great support for the metal.
Despite all aspects, stock players still have a negative opinion on silver. ETFs hold stocks are near to their maximum values, although they are decreased by 110 million ounces. The interest of exchange players to the precious metal is falling due to expectations of recession in the world economy, growth of real yields and strengthening of the U.S. dollar.
The issue of inflation is currently of less importance in the foreign exchange market. Thus, according to economists at Commerzbank, dollar bears will not suffer losses even on the release of optimistic nonfarm payrolls.
Yesterday at 12:16 PMObviously there has been a structural shift in the markets toward a bearish dollar position. According to economists at Internationale Nederlanden Groep (ING), current U.S. nonfarm payrolls data may not cause an inversion of this trend.
Yesterday at 12:10 PMEuropean Central Bank President Christine Lagarde stated that inflation expectations should not change. People should be confident that price growth will return to the target level.
Yesterday at 11:56 AMCentral banks have recently been stepping up measures to combat global inflation. Investors, meanwhile, are actively discussing the continuation of high price levels amid limited supply.
Yesterday at 11:30 AMThe focus is on the OPEC+ meeting and the entry into force of bans related to the import of Russian oil.
Yesterday at 12:59 PM