The Real Reason Silver Has Been Underperforming

A strong headline GDP release last Friday may bode well for silver demand, said Will Rhind, CEO of GraniteShares.
Rhind said that one reason silver has not performed well is due to China’s lower than expected demand, but with GDP numbers showing strength in the U.S. economy, this trend may reverse course.
“Part of the reason why silver hadn’t really been doing much is that we expected China to ease and that would be positive for the silver market in terms of stimulating demand, but of course that has slightly changed a little bit with China [focusing] more on reforms rather than outright easing,” Rhind told Kitco News. (show less)

A strong headline GDP release last Friday may bode well for silver demand, said Will Rhind, CEO of GraniteShares.
Rhind said that one reason silver has not performed well is due to China’s lower than expected demand, but with GDP numbers showing strength in the U.S. economy, this trend may reverse course.
“Part of the reason why silver hadn’t really been doing much is that we expected China to ease and that would be positive for the silver market in terms ... (read more)

Kitco NEWS

Kitco NEWS
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

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