Silver Set to Gain as Market Heads for a Deficit: 4 Stocks to Buy
ASMAvino Silver & Gold Mines .(ASM) ZACKS·2024-06-13 01:45

Silver has seen a solid performance year to date, gaining 23.1% and outpacing gold’s 12% climb, making it one of the year’s best-performing major commodities. The metal even broke above the 30levelandnotchedan11yearhighof30 level and notched an 11- year high of 32.57 on May 20. The rally has been fueled by geopolitical uncertainties and increasing bets of U.S. interest rate cuts. Global industrial demand for silver is expected to reach a record high in 2024, mainly driven by photovoltaics, while supply is expected to dip 1%. This sugge ...