Rhind said that one reason silver has not performed well is due to China’s lower than expected demand, but with GDP numbers showing strength in the U.S. economy, this trend may reverse course.
“Part of the reason why silver hadn’t really been doing much is that we expected China to ease and that would be positive for the silver market in terms of stimulating demand, but of course that has slightly changed a little bit with China [focusing] more on reforms rather than outright easing,” Rhind told Kitco News.
- Source, Kitco News