Silver Institute Forecasts Global Demand and Supply Deficit

Silver prices fell 6.3% on a weekly basis, a sharper decline compared to gold, driven by expectations of a Fed rate hike and weakening global industrial demand. The Silver Institute expects global silver demand to decrease by 5% this year. The institution also forecasts a supply deficit in the market for the sixth consecutive time. Rate hike expectations are putting pressure on non-yielding precious metals, while the slowdown in industrial demand creates additional downward pressure specific to silver. Silver's heavy use in industry contributes to its price movements diverging from gold. The Institute's supply deficit forecast indicates that supply-side constraints persist despite the decline in demand. Market participants are closely monitoring signals regarding the Fed's rate path and the trajectory of industrial demand. Not investment advice.

📊 SILVR — Piyasa Yorumu

▲ up · 55%

The Silver Institute's demand and supply deficit forecast creates a constructive expectation for silver prices and could generate a short-term positive sentiment for silver-linked stocks such as SILVR. Technical indicators point to a neutral-to-positive picture: the price is slightly above the SMA20 and SMA50, the RSI at 52 is far from overbought territory, and the MACD is marginally above its signal line. However, the 24-hour change is only 1.39% and momentum is weak, suggesting the impact of the news may remain limited. While supply-deficit-themed news is typically a medium-term narrative, the short-term price reaction may be modest. I therefore assess the direction as moderately upward but keep confidence at a medium level.

RSI 14

52.5

MACD

0.01

24h Δ

1.39%

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