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Investment demand for silver has risen sharply this year and will continue to remain strong said Jeff Christian, managing partner of CPM Group, who said that investment demand has historically been one of the biggest drivers of the silver price.
However, a common misconception is that market deficits for silver drive the price while the opposite is true; a surplus, which is what the silver market is experiencing now, drives price momentum, Christian told David Lin, anchor for Kitco News.
0:00 – Silver: deficit or surplus?
6:19 – Surpluses, not deficits, drive the price
17:20 – Data collection methodology
22:35 – Fabrication demand and mine reserves
26:58 – Silver price outlook
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