The Other Reason Silver Is Soaring: Disruptions in Latin America
- Some mines have shut again as Covid-19 spreads in the region
- Market may swing into deficit for the first time in five years
This article is for subscribers only.
Silver’s biggest monthly rally since 1980 has mainly been a story of strong demand. Investors are seeking shelter from pandemic turmoil and negative rates while industrial demand for the metal recovers in some parts of the world.
But here’s another reason to be bullish on silver: Supplies are set to shrink too.