Dollar Share of Foreign Exchange Reserves Has Declined over Recent Decades

The global silver deficit is expected to rise by 17% to 215.3 million troy ounces in 2024 due to a 2% growth in demand led by a robust industrial consumption and a 1% fall in total supply

Pirate attacks, Middle East instability and drought are causing disruption and congestion at the world’s ports

“The risks to the upside are increasing”

India’s imports of silver in the first quarter exceeded the total for the whole of 2023.

Overseas purchases of physical gold fell to 136 tons in April, a 30% decline from the previous month.

Gold/Silver-ratio breaking out of its triangle consolidation.

“Even clients who are interested in buying gold are starting to say ‘well, maybe I’ll buy silver first, and wait for the ratio to sort of rebalance.’”