ANZ Bank: Silver Faces Some Resistance as Supply Imbalance Issues Ease and Investment Cools

Analysts at ANZ Bank said that due to the recent market fundamentals failing to provide strong support, silver is facing some challenges. As the United States shifted to a net exporting country in October and November, supply imbalance issues are gradually easing. At the same time, higher premium prices are boosting imports in China, indicating that supply is catching up with demand, while investment demand has slowed down. These analysts stated that despite these short-term obstacles, they expect the silver market to remain undersupplied in the coming years. Silver futures rose 1.6% to $76.92 per ounce.