Silver Hit Hard, Caught in Crossfire Between Precious, Industrial Metal

Bloomberg reported that, despite widespread analyst expectation that silver would rally back from its slump, the opposite has happened, with silver leading precious metals in decline, down some 28 percent.

As quoted in the market report:

Analysts expected silver to surge because either turmoil would boost demand for precious metals as protection against inflation and currency debasement or accelerating growth would spur more industrial buying for everything from solar panels to batteries. The collapse of gold into a bear market, steady consumer prices and mounting concern about the strength of economies means silver’s allure is instead diminishing.

To view the whole Bloomberg report, click here.