Silver Prices Decline Amid Persistent Market Deficit
Silver prices have continued to decline, trading at $65.11 down 1.04% on the day.
The price currently sits above its key short- and medium-term moving averages, but below long-term levels.
A six-year consecutive market deficit has resulted in industrial demand outpacing mine and scrap supply, structurally supporting silver's underlying value despite prices being under broader selling pressure.