ING: Silver's Strong Rally Continues

Odaily News According to Ewa Manthey, a commodity strategist at ING, silver's strong breakthrough above $110 is primarily attributed to sustained inflows of safe-haven funds and robust industrial demand. Factors such as a weakening US dollar, declining real yields, and heightened policy uncertainty, which have led to increased investor demand for hard assets, are all supporting silver prices. Additionally, a historic short squeeze and strong retail buying have also boosted silver prices. Meanwhile, industrial demand—particularly from investments in solar energy, electrification, and grid infrastructure—has led to tight supply in the spot market, while growth in mining supply remains limited. Despite these risks, the overall situation remains favorable. Strong industrial demand, tight spot supply, and strong investor interest will continue to support the market. (Jin10)