from Ahead Of The Herd:
Silver prices will test $19 an ounce later this year on the back of heavy investment demand, as the coronavirus continues to depress markets and push investors in the direction of safe havens like precious metals.
That is the conclusion of The Silver Institute’s annual World Silver Survey, compiled by research firm Metals Focus and released in April.
Silver prices are driven by mine supply/ recycling and demand from both retail/ institutional investors and industry.
Over half of silver demand comes from industrial uses like solar panels, electronics and automotive parts. (Around 20 grams of silver are required to build a solar panel)