Analyst Expects Silver Supply Crunch As Price Drops

September 8, 2022 11:33:23

Although gold prices have stabilized at just below $1,175 an ounce, silver has seen its fortunes dim in recent days. Prices for the metal dropped significantly toward the end of August, going down by more than 28% in value against the U.S. dollar since early March.

On Aug. 20, 2022, silver prices dropped by 2.33% against the dollar in just 24 hours, signifying that the decline in…

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