Silver's Rebound: Deficits & Demand Drive Price
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Silvers price rebounds between $69 and $70 per ounce, following a dip to $67.75 on March 26th. The drop was due to a stronger US dollar, rising Treasury yields, and Fed signals of one rate cut this year. However, buyers returned with a slight dollar pullback, Iran tensions, and persistent supply issues. Global silver deficits have persisted for six years, driven by industrial demand, particularly from solar panels and EVs. Analysts predict varying prices, with the gold-to-silver ratio narrowing, indicating growing bullish sentiment. Investors should monitor macros to see if they allow the bull run to continue.
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