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 S&P Global Survey Shows US Business Activity Picks Up in January as Inflation Cools READ MORE Incrementum: Monthly Gold Compass February 2024 READ MORE S&P 500 Breaks 5,000 Mark Amid Anticipation for Key Inflation Data READ MORE Analyst who correctly predicted gold’s rally updates target READ MORE Bonds Fall After ‘One-Two Punch’ of ISM READ MORE Add a Comment Cancel replyYour email address will not be published.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
