Deutsche Bank Forecasts Silver Oversupply in 2027
A new report authored by Deutsche Bank indicates that a decline in the industrial demand for silver, as well as growing supply, could cause the precious metal’s market to shift from being in a deficit to one characterized by oversupply as soon as 2027. Daniel Ghali, a metals analyst at the bank, writes in the report that silver’s spot price could average $70 an ounce by Q2 of 2027. He adds that as the supply squeeze eases, silver could find it hard to see its price rise at the same pace as that of gold, potentially leading to a higher…