Silver’s prospects remain closely tied to those of gold, with expectations for US monetary policy the biggest catalyst for changes in prices recently. The upside for silver has also been capped by weak fabrication demand and the softness of industrial metals prices generally. However, after years of low prices, we expect cuts to capital expenditure across the industrial and precious metals industries to start taking their toll on silver supply. In this Precious Metals Watch, we discuss the implications for the price of silver of the most recent demand and supply developments.
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