Sometimes that’s a good thing. For example, if both industrial and investment demand for silver are strong, that of course is positive for silver. Similarly, if industrial demand for silver is weak, strong investment demand can balance out that weakness, and vice versa. However, if both industrial and investment demand are weak, that can spell trouble for the white metal.
Unfortunately for silver bugs, that last scenario is currently a reality. “Silver is either seen as aligned to gold or aligned to industrial metals, and right now both those stories suck,” Adrian Ash, head of research at BullionVault, told Bloomberg on Tuesday, adding, “