Silver Price Analysis: Substantial upside potential for XAG/USD – Commerzbank Silver XAGUSD Banks
Supply deficit on Silver market due to record-high demand
“For the silver ETFs, which do not count towards physical demand, the Silver Institute and Metals Focus anticipate outflows of 110 million ounces. By contrast, Silver supply is set to grow by only 2% to 1.017 billion ounces . The Silver market is therefore expected to show a physical supply deficit of 194 million ounces .”
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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