Silver Could Still be Vulnerable to Further Price Weakness

The Globe and Mail reported that some analysts fear that silver may be especially vulnerable to price corrections, given its industrial usage and the question of inflationary pressure.

As quoted in the market report:

If inflationary pressures continue to remain subdued the likelihood of further silver and gold weakness remains quite high given that markets still remain somewhat overweight in both … Given that silver is also susceptible to economic fundamentals the question of weak industrial demand isn’t likely to support it either, with the prospects for economic growth remaining weak.

To view the whole Globe and Mail report, click here.