U.S., Perth mints see renewed demand for gold bullion; Aussie silver shines bright kitconews gold silver finance investing economics metals mining
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Analysts have said that retail investment demand for silver has struggled as recession fears continue to grow. A global recession would reduce industrial demand for silver, representing about 60% of the global market. Analysts have said that gold is seen as a more sturdy, safe-haven asset in the current environment.
"We continued to experience extremely strong demand for physical silver," said Neil Vance, general manager of minted products at the Perth Mint. "Even with a strong month for output, silver coins remain subject to allocation." "Everything mints are producing is being sold," he said. "We expect to continue to see robust demand for bars and coins in 2022."
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