The Silver Institute: Demand Soars to Near-Record Highs in 2024 The global demand for silver is on an impressive trajectory, with forecasts indicating it could reach a staggering 1.2 billion ounces in 2024. If achieved, this figure would mark the second-highest level of silver demand ever recorded. The surge is primarily driven by an increased industrial offtake, with expectations that this sector will reach new annual highs. However, the short-term outlook suggests some potential challenges. The diminishing likelihood of early U.S. interest rate cuts may exert pressure on investments across the precious metals spectrum, including silver. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Middle East Tensions Propel Gold and Silver Prices READ MORE European Central Bank should cut in June to avoid falling behind inflation curve, policymaker says READ MORE China’s gold market in March: official gold reserves rose further, wholesale demand fell slightly READ MORE Fed's Key Inflation Rate Aligns with Expectations, Boosting S&P 500 READ MORE Gold and Bitcoin: Vital Challengers to Fiat Currencies READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
