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