Silver may outshine gold this year

Business Standard reports that Silver’s demand is both for its store of value and industrial applications.

The market news is quoted as saying:

The fact that for the past two decades, demand for silver was more than mining supply, the above-ground silver float had hit historical low of less than one billion ounces. In response to tightening supply situation, the world has seen drawing down of stocks held on government and private accounts. Though, not in any significant quantities, physical shortages and good prices off late are also leading to silver recycling. There will be more of recycled silver if prices rise as the year advances.

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