Silver heads for biggest deficit in decades, Silver Institute says
Global demand for silver is expected to rise 16% this year to 1.21 billion ounces, according to the Silver Institute.
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Global demand for silver is expected to rise 16% this year to 1.21 billion ounces, according to the Silver Institute.
"At US$1,500 you put the [gold] mining industry out of business," said Barrick Gold's chief executive Mark Bristow. Read more.
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"Bullion does have one crucial advantage: unlike bonds, it doesn’t bind you into a relationship with an unreliable counterparty. … In a world where you can trust no one, it makes sense to bulletproof yourself with metal."
Indian silver consumption is forecast to surge by around 80% to a record this year.