Silver Demand Falls 5 Percent on Weaker Jewelry Buying
Global silver demand is projected to fall 5 percent this year as high prices weigh heavily on jewelry purchases and industrial solar consumption. Metals Focus reports that lower retail investment and increased substitution are driving the market shift.
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Silver demand will fall 5% to 1.08 billion ounces this year, driven by weaker jewellery purchases and solar cell substitution, research showed on Friday. That decline follows a record-breaking rally in January when prices peaked at $121.60 per ounce. Investors are now pulling back as higher interest rates, a stronger dollar, and elevated bond yields weigh on sentiment across global markets.
