After several years of gradual decline, are silver prices due a rebound? One headwind remains: silver, like gold, is a monetary metal held as a hedge against inflation and turbulence. The likelihood of higher American interest rates makes precious metals, which pay no interest, less appealing.
On the other hand, says Capital Economics, "oversupply in the silver market has been one of the key factors depressing prices in recent years" and on this front, the picture is becoming more bullish. Mined supply is set to decline by 4% this year after 12 years of increases.
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