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Krauth added that he sees $18 an ounce as solid long-term support for silver, which represents the average all-in-sustaining costs for silver producers. However, Krauth added that despite weak investment demand, the fundamentals for silver haven't changed as the precious metal continues to be a critical component for the ongoing global green energy transition. He added that the supply and demand imbalance is acutely felt among physical investors forced to pay record premiums for bullion because there isn't enough supply.
He added that while silver has been volatile since the COVID-19 pandemic, the average price in the last three years is above $22 an ounce, up nearly 40% from the previous three-year average from 2017 to 2019.
'Weak investment demand' Not in Belgium. Bullion dealers have almost sold every ounce in the last weeks. I confirm.
Airdrop campalgn now ✅
Silver premiums over spot are outrageous.