🧵 1. Silver poised for a strong year, possibly reaching a 10-year high, driven by industrial demand and recovery in consumer electronics. #finance
🧵 1. Silver poised for a strong year, possibly reaching a 10-year high, driven by industrial demand and recovery in consumer electronics. #finance
🧵 2. Global silver demand to hit second-highest level on record in 2024, with 9% increase in silverware demand and 6% rise in jewelry demand.
🧵 3. Slowing Chinese economy and delay in US interest rate cuts could hinder silver institutional investment, but market expected to turn around in H2 2024.
🧵 4. Silver, known as gold's "poorer cousin," shows positive correlation with gold prices, moving in tandem but with a lag. CEO of Wheaton Precious Metals explains.
🧵 Read more at: https://www.cnbc.com/2024/02/07/silver-could-hit-10-year-high-and-outperform-gold-says-silver-institute.html