Silver Demand Has Hit a 3-Year High [Details] | The Mesh Report

Silver Demand Has Hit a 3-Year High [Details]

Mike Hammer May 9, 2019 Comments Off on Silver Demand Has Hit a 3-Year High [Details]

As silver traders struggle with a weak market, commercial demand for silver continues strong.  Silver demand has risen to a 3-year high, according to today’s featured article.  And that can’t be a bad thing for silver prices.  Your friendly Gold Enthusiast knows markets operate in layers; basic ongoing demand forms a floor and drives longer-term trends.

The blips, blurps, and spurts of trading and seasonal demand are what make prices fluctuate in the short term. So the best thing to see in a market like silver with declining prices is growth in underlying, basic demand.  And that’s exactly what we’re seeing. Reports of possible corporate mismanagement are downers for sure, but those tend to be short-term blips, and in a month the market will have moved on.

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