Search Results

Silver Market Review 2019: Silver prices plummets to lowest level in more than ten years in early 2020 due to COVID-19 impact

GFMS team at Refinitiv publishes annual Silver Market Review 2019, which includes provisional supply and demand estimates for 2020. Investment demand records healthy growth in 2019, while industrial demand declines as trade wars impact orders across the supply chain. After rising to a five-month high by late February, the silver price experienced a calamitous fall in March, as precious metals got caught up in a broader market sell-off amidst the deteriorating virus outbreak according to the annual Refinitiv GFMS annual Silver Market Review 2019. As a result, silver lost 30% of its dollar value in the first three weeks of

Global Gold ETF holdings drop by 175 tonnes, the largest level of net quarterly outflows since 2013

Gold prices came under significant pressure since the start of the year, correcting by 13% during the first three months, and trading at near nine-month low at end-March.. Investment demand for bars and coins jumped by 40% driven by bargain hunting and growing concerns about rising inflationary pressures and currency stability Sentiment shift towards gold among the professional investor community, as evidenced by strong outflows from gold ETFs. Gold ETF investors liquidated 175 tonnes in the first quarter of the year representing the largest level of net quarterly outflows since Q4 2013 according to Refinitiv Metals Research. It was also