ING: The strong rebound in silver continues

According to Odaily, Ewa Manthey, a commodities strategist at ING, pointed out that silver has strongly broken through $110, mainly thanks to the continuous inflow of safe-haven funds and robust industrial demand. The weakening of the US dollar, declining real yields, and increased policy uncertainty have all boosted investor demand for hard assets, supporting silver prices. In addition, a historic short squeeze and strong retail buying have also lifted silver prices. Meanwhile, industrial demand—especially from solar energy, electrification, and investments in power grid infrastructure—has led to tight supply in the spot market, while growth in mine supply remains limited. Despite these risks, the overall situation remains positive. Strong industrial demand, tight spot supply, and keen investor interest will continue to support the market. (Golden Ten Data)