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 LBMA: 2024 Precious Metals Analysts' Forecasts READ MORE Fed's Inflation Blunder Sets Stage for Looming US Recession, Says Top Economist READ MORE The Elite's Escape Plan: Inside the Billionaire Bunker Boom READ MORE Oil Prices Reach 8-Week Highs: U.S. Stockpile Drop and China's Stimulus Fuel Surge READ MORE January Sees U.S. Wholesale Prices Increase, Highlighting Ongoing Inflation Challenges READ MORE Add a Comment Cancel replyYour email address will not be published.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
