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Silver keeps sliding as haven demand declines, supplies are plentiful

Stock MarketsJan 18, 2019 05:15PM ET
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© Reuters. Silver keeps sliding as haven demand declines, supplies are plentiful
  • Silver remains the outcast among precious metals after posting its biggest weekly loss since November, while gold, platinum and palladium have edge higher to start the new year; March silver settled -0.9% to $15.39/oz., down 1.6% for the week.
  • Analysts say silver is getting hit from at least two sides: Optimism over U.S.-China trade talks is lifting equities and curbing demand for shelters from market turmoil, while caution over the broader economic outlook dims industrial demand prospects at a time when silver is plentiful.
  • “There’s absolutely no shortage of silver around,” Tai Wong, head of base and precious metals derivatives trading at BMO Capital Markets, tells Bloomberg. “People bought silver on the back of gold rather than on solid fundamentals. As soon as gold retreats, the desire to hold silver fades quickly.”
  • ETFs: SLV, AGQ, PSLV, SIL, USLV, SIVR, ZSL, SLVO, SILJ, SLVP, DSLV, DBS, USV, SHNY
  • Now read: Silver Needs To Hold And Move Above


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Silver keeps sliding as haven demand declines, supplies are plentiful
 

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Comments (5)
Kim Un
KimJonUnMissiles Mar 03, 2021 5:24PM ET
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Did anyone notice that this article on Silver does not name a real live author or person name.  Its a fake article with false facts.  Every one in the know with the silver markets and dealers, know this is the biggest shortage in their lifetime.  Premiums at record high, lots of  coins, bars, and rounds are out of stock or promise long lead time deliveries.
Gino11able .
Gino11able . Feb 27, 2021 7:59PM ET
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Stinking JPM liars!
Tyrone Jackson
Tyrone Jackson Feb 22, 2021 4:44PM ET
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Silver 15.39? How much of a fool can this guy be? It’s 28 today. One year ago I went deep at 15. All my physical is easily sold for 35 to 40 a ounce today . How big of a tool is this guy lol
seth Daniel
seth Daniel Feb 22, 2021 4:44PM ET
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wish I had know then... lol
James Beatty
James Beatty Feb 10, 2021 11:28PM ET
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absolutely no shortage of silver says guy trading paper silver. lol
Brance Long
Brance Long Feb 01, 2021 12:19AM ET
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LOL
 
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