High inflation rates around the world were expected to support investment demand in 2022, as precious metals typically retain their value at times when rising prices erode the purchasing power of fiat currencies. The market saw its first deficit since 2015, with a shortage of 51.8 million ounces – the biggest shortage since 2010. Sales of silver coins and bars for investment jumped by 36% to 278.7 million ounces, the highest level since 2015, “as retail investors in North America and Europe, motivated by safe-haven and inflationary concerns, took advantage of periodically lower silver prices to purchase coins and bars,” said the Silver Institute. Physical demand is expected to rise by 5% to another record in 2022. There were several trends driving up silver demand, including strong consumer electronics demand amid the transition to remote working, investment in 5G infrastructure and rising silver use in the green economy – especially in solar photovoltaic (PV) panels. Consumption rose by 9% to 508.2 million ounces, according to the Silver Institute. Physical silver demand climbed to a record high in 2021, led by an all-time high in industrial applications – silver is the best conductor of electricity, so it is often used in high-end applications. In addition to investor sentiment, the silver price trend has found support from its growing use in industrial settings, which account for roughly half the metal’s annual demand. Past performance is not an indicator of future results. The price then jumped to an eight-year high in February 2021, briefly touching the $30 per ounce psychological level, as the market attracted the attention of retail investors. The silver price reached a $28 high in August 2020 and ended the year around the $22 mark. The silver markets have climbed from the $12 per ounce lows reached at the start of the Covid-19 pandemic, as investors have bought physical precious metals and financial instruments as safe-haven assets during ongoing economic uncertainty. Silver price history: Macro volatility is key ![]() What are the factors affecting the silver market and where should investors expect the market to move next? In this article, we look at some of the latest silver predictions from analysts. Silver underperformed gold throughout 2022, and has continued to do so this year in spite of its upturn. Your use of this site indicates full acceptance of these terms.Precious metals markets have been aided by a weakening US dollar, with the US Dollar Index ( DXY) declining by 2.5% year to date ( YTD) and over 10% in the past six months to 100.88 at the time of writing. CDN Publishing is not responsible for typographical or database-related errors. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. The prices listed in our database are intended to be used as an indication only. Price movement is indicated for price changes in the last 30 days. You can learn more about CAC on their web site. ![]() coins that meet the standards of the Certified Acceptance Corporation. CDN only tracks Bluesheet on certain items.ĬAC prices are for U.S. For this reason, Bluesheet values typically represent the floor of the market for the specified item. In many cases, there are no active sight-unseen buy offers, so CDN looks to the recent lowest market values for such an item. The actual value can be more or less than this depending on factors including eye appeal and market timing.īluesheet (NGC & PCGS) prices represent the highest sight-unseen offers to buy on dealer networks like CDN Exchange. ![]() Greysheet/Greensheet represent "sight-seen" values based on a buyer's in-hand review. Greysheet/Greensheet prices are wholesale market levels for collectible coins/paper money intended to indicate what a dealer, or wholesale, buyer would pay for the described item in the specified grade.
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