2017-06-29 Thu

The Independent Precious Metals Consultancy has predicted that American buyers are going to slow down silver investments in 2017 to reach the lowest mark in 10 years. They foresee that there is going to be a 20 percent reduction from 2016, to reach 78 million ounces.

A lot of silver coins and bars are sold back into the metals market, due to which, distributors are not buying newly manufactured products. There has been a very less demand over the first five months. Dealers say that the spot price per troy ounce of silver should fall between $14 and $15 to attract retail investors.