Festive season is fast approaching and now is the time to buy gold or silver bullion as gifts for your loved ones! Before making a move, let’s take a look at the global market trend for bullion.
According to a report by Thomas Reuters, 2015 has been an intriguing year for silver as total supply is forecasted to fall by 3% from the previous year. This represented the weakest performance since 2002, when mine production fell by 2%.
There are a lot of head winds for the silver mine production and on top of this, scrap supply is expected to fall for the fourth consecutive year. Because of this, silver will face a physical shortfall for the third consecutive year. Nonetheless, this shortfall is mitigated by outflows from the ETFs and derivative exchange, thus softening the impact of supply shortage from the mine productions.
Interestingly, the deficit in the supply …