CNBC: Silver Set for a 'Terrific Year' and Could Outperform Gold to Hit a 10-year High
Article by Lee Ying Shan in CNBC
This could be a banner year for silver, with prices potentially hitting a decade-high.
Global silver demand is forecast to reach 1.2 billion ounces in 2024, which would mark the second-highest level on record, the Silver Institute said in a recent report.
“Stronger industrial offtake is a principal catalyst for the rising global demand for the white metal, and the sector should hit a new annual high this year,” said the institute, a nonprofit international association comprising various members across the silver industry. Silver is used primarily for industrial purposes and commonly incorporated in the manufacturing of automobiles, solar panels, jewelry and electronics.
“We think silver will have a terrific year, especially ......