Silver Prices Hit Two-Month High Amid Weakening Industrial Demand

Silver prices have hit a two-month high of $68.03, but despite this strength, the metal remains 40.89% below its January peak of $115.08.

The forecast for a sixth consecutive annual supply deficit is unlikely to create a silver shortage, as above-ground inventories continue to cover the gap between supply and demand.

The rebound in silver prices has been driven by more than safe-haven demand, with financial flows becoming increasingly important in determining the metal's direction.