The Silver Institute has released the April issue of Silver News. This edition highlights rising silver prices pushed by strong institutional investment.
The price of silver had increased by about 11% as of April 25. According to the Silver Institute, improving sentiment among institutional investors has helped drive up the price.
Changing expectations towards the outlook for U. S. interest rates and the proliferation of negative policy rates across other key reserve currencies has
rekindled institutional investor interest in precious metals. Meanwhile, a marked improvement in silver industrial offtake, led by photovoltaics, which achieved a record high last year, is also helping. All these factors in turn have fueled investment inflows into silver futures, options, exchange traded products (ETPs) and over-the-counter products.’
The Silver institute also reports strong silver jewelry sales in the US last year. Survey work on behalf of the institute showed 62% of jewelry retailers reporting increased sales in 2016.
This post was published at Schiffgold on MAY 3, 2017.
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