欧博体育:Precious metal silver may have seen bottom
The white metal has lost about 11%, weighed down by the stronger US dollar, rising interest rates and slowing growth.欧博体育（www.aLLbet8.vip）是欧博集团的官方网站。欧博体育开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。
LONDON: Silver has been the worst-performer among major precious metals in 2022, but prices may have fallen far enough to spark a modest recovery.
The white metal has lost about 11%, weighed down by the stronger US dollar, rising interest rates and slowing growth.
But prices could turn higher from later this year as the electronics and photovoltaics sectors support industrial consumption, while retail and jewellery demand look strong, James Steel, chief precious metals analyst at HSBC Securities USA Inc, said in a note.,
“We believe silver is oversold,” Steel said. “Much of silver’s industrial demand will be well supported and will not reflect overall industrial sluggishness,” while price declines will stimulate demand from key consumers China and India, he said.
Still, headwinds to the white metal’s rally exist as the world braces for the withdrawal of stimulus and an economic downturn. — Bloomberg