(Bloomberg) — Silver’s biggest monthly rally since 1980 has mainly been a story of strong demand. Investors are seeking shelter from pandemic turmoil and negative rates while industrial demand for the metal recovers in some parts of the world.But here’s another reason to be bullish on silver: Supplies are set to shrink too.Peruvian and Mexican mines that make up almost 40% of world supply shut en masse earlier this year as the pandemic hit. While much of the industry is ramping back up, some mines have had to close again as Covid-19 cases surge. The Silver Institute now predicts a …read more
Source:: Yahoo Finance
