Silver bars in Munich, Germany, January 10, 2025(Angelika Warmuth/Reuters)
Silver bounced back on Tuesday after its dramatic sell-off on Monday. Its price could well be volatile for a while but a number of factors may combine to drive it higher over the longer term (note: not investment advice), including investor fear of debt-driven currency debasement, the need to deal with the consequences of export restrictions by China (which controls around 60-70 percent of the world’s refined silver production), and investors speculating about the effect of those restrictions.
Silver is used in a wide range of industrial applications, and if anything the 60-70 percent number understates just how dominant China’s position is. Recycling apart, ...
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