Jan
28
Silver Shortage Promises to Boost Price in 2019
By-
Smallest output seen since 2013 as miners avoid new projects
- Use growing for solar cells, touch screens, even medicine
Think of it as a potential silver lining for investors. A burgeoning shortage of the precious white metal is promising to boost its price as 2019 rolls out.
Silver surged 9.1 percent in December, its biggest monthly gain in almost two years. This year, with miners avoiding new projects amid global economic uncertainty, the price could spike as high as $17.50 an ounce from about $15.36 now, according to a Bloomberg survey of 11 traders and analysts…
