Here’s Why You Shouldn’t Give Up On Silver Prices

Market fundamentals still bear hope for silver prices due to three factors: diminishing silver supply, rise in investment demand, and potential for increased industrial use, this according to Johann Wiebe, Lead Metals Analyst, at GFMS Refinitv.

“It seems to be increasingly more difficult to find a new home for silver so in that sense, it is not surprising that suppliers and producers are reducing some of the output saying ‘let’s just first see that we can get the metal that is around a new home before we continue to increase projects going forward’”, Wiebe told Kitco News on the sidelines of the Mines And Money New York conference.

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 25886.00 1.18%
S&P 500 2888.68 1.42%
NASDAQ 7895.99 1.64%
TSX 16149.79 0.85%
TSX-V 570.43 0.00%

Resource Commodities

Name Last Change
Gold 1512.50 0.92%
Silver 17.11 0.99%
Copper 2.60 2.595
Platinum 901.00 0.67%
Oil 54.87 0.73%
Natural Gas 2.20 1.45%
Uranium 25.25 0.00%

@RSDigest ON TWITTER