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Top related persons:
Morgan Stanley - 1 Daniela Hathorn - 1 Hathorn - 1 Silver - 1 overcapacity - 1 Nicky Loh - 1 Michael DiRienzo - 1 Randy Smallwood - 1
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Bloomberg - 2 Silver Institute - 2 Service - 1 Business - 1 East - 1 Global - 1 Silver Bullion - 1 Getty - 1

Search resuls for: "Silver Institute"


5 mentions found


☆ Silver price gains are outshining gold thanks to China's solar panel overproduction
  + stars: | 2024-05-29 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
Record high gold prices are in the spotlight — but it's really the yellow metal's poorer cousin, silver, that's outperforming in the price rally. Spot silver prices have gained 35% this year-to-date to 12-year-highs. In comparison, spot gold prices are at around $2,350 per ounce, but have just gained 14% so far this year. Silver is used in solar panels and also in general industryIn particular, silver is a key raw material for solar panels. Other than solar panels, silver is also used in electronics, as catalysts in industrial processes, and in car parts.
Persons: Morgan Stanley, Daniela Hathorn, Hathorn, Silver, overcapacity Organizations: Service, Business, Bloomberg, East, Global, Silver Institute Locations: China, West, Europe, Beijing
☆ Silver set for a 'terrific year' and could outperform gold to hit a 10-year high
  + stars: | 2024-02-07 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +3 min
Global silver demand is forecast to reach 1.2 billion ounces in 2024, which would mark the second-highest level on record, the Silver Institute said in a recent report. "We think silver will have a terrific year, especially in terms of demand," Michael DiRienzo, executive director of the Silver Institute told CNBC. He expects silver prices to reach $30 per ounce, which would be a 10-year high, according to data from LSEG. Silver prices, like gold, tend to have an inverse relationship with interest rates. In contrast, gold prices usually rise during times of economic weakness or uncertainty.
Persons: Nicky Loh, Michael DiRienzo, Randy Smallwood Organizations: Silver Bullion, Bloomberg, Getty, Silver Institute, CNBC, Wheaton, Metals, U.S . Federal Reserve, Wheaton Precious Metals, Vw Locations: Singapore, India, U.S
☆ Silver prices could touch a 9-year high in 2023 — with a bigger upside than gold
  + stars: | 2023-01-20 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +4 min
Akos Stiller | Bloomberg | Getty ImagesPrices of silver could hit a nine-year high of $30 per ounce this year — possibly outpacing gold prices. No silver lining for silver supplies"We hit peak silver supply back about five, six years ago. The supply of silver, which is largely produced as a byproduct of lead-zinc, copper and gold mines, does not generally respond as quickly to demand. Andrey Rudakov | Bloomberg | Getty Images"When silver prices go up, it's not like the silver mines can increase production, because the silver mines only supply about 25% of the silver," Smallwood said, adding that the market often relies on the lead-zinc mines to satisfy the higher demand. "I'm very bullish on gold, but I'm even more bullish on silver," Smallwood said.
☆ Silver heads for biggest deficit in decades, Silver Institute says
  + stars: | 2022-11-18 | by ( Clark Mindock | ) www.reuters.com   time to read: +2 min
LONDON, Nov 18 (Reuters) - Global demand for silver is expected to rise 16% this year to 1.21 billion ounces, creating the biggest deficit in decades, according to the Silver Institute on Thursday night. The Silver Institute predicted a deficit of 194 million ounces this year, up from 48 million ounces in 2021. The Silver Institute predicts a 16% increase in demand this year to 1.21 billion ounces. Silver prices have fallen around 10% this year to $21 an ounce, mostly due to financial investors selling silver in response to rising U.S. bond yields and a strengthening dollar. SILVER DEMAND (MILLIONS OF OUNCES)*Source: The Silver Institute, Metals FocusReporting by Peter Hobson; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
☆ An ex-Morgan Stanley employee has been repping staffers with bias claims against the bank. In a new suit, a top exec is accused of 'racist rants.'
  + stars: | 2022-09-27 | by ( Danielle Walker | ) www.businessinsider.com   time to read: +8 min
Blackburn Law, PLLC. "Essentially, Morgan Stanley gave me the seed money to start my practice," Blackburn said of his resolved legal dispute with the bank. A Morgan Stanley spokesman declined to comment on Blackburn's employment at the firm. Hornbach allegedly tasked von der Schmidt with producing the research publication in December 2019, months into his employment at Morgan Stanley. He said it was experiences at Morgan Stanley that put him on the path to being a litigator.
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