Silver Edges Higher as Industrial Scarcity Clashes with Market Volatility

The 240 Million Ounce Deficit

The Silver Institute has reiterated its forecast for a massive supply-demand gap this year. With global warehouse stocks at 20-year lows, industrial end-users are increasingly competing with financial hedgers for physical delivery.

Technical Momentum

Silver has successfully reclaimed its key moving averages after the January 'gamma flush.' Technicians suggest the current base-building phase could lead to a renewed test of the $90.00 resistance level by early March.