Shanghai Silver Inventories Rebound Slightly After Decade Low
Shanghai – Silver inventories on the Shanghai Futures Exchange (SHFE) have seen a marginal increase after plummeting to near decade-lows. Despite the uptick, concerns about global silver supply tightness persist amid a predicted sixth consecutive year of market deficit. Key facts:
- Low Point: SHFE silver inventories hit a 10-year low of 318.546 tonnes on Feb. 9th.
- Slight Increase: Inventories rose to 342.102 tonnes by Feb. 11th.
- Market Deficit: The global silver market is projected to be in deficit for a sixth consecutive year.
- Price Volatility: Silver prices have faced extreme volatility.
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