Silver Supply Trouble Shows Why Rally Momentum Is Building
- Silver mine output seen falling for first time since 2011: CPM
- Investor holdings in silver ETFs rise at triple gold's pace
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More good news for silver bulls: there’s supply trouble brewing.
Output from mines will fall for the first time since 2011, while demand for the metal in uses including industrial products and jewelry is heading for a fourth straight gain, supporting prices, according to CPM Group. The market is entering what is “likely to be a pivotal year,” the New York-based researcher said in its “Silver Yearbook 2016.”