Silver to see 11 million ounce deficit in 2015
By GCRU Gold News on Thursday, December 11 2014, 22:07 - Permalink
The demand and supply balance for silver is likely to swing from a three million ounce surplus in 2014 to an 11 million ounce deficit in 2015, said HSBC in a report focusing on the outlook of silver.
The deficit comes mainly from a reduction in mine production, lower scrap supplies as well as a cea halt to government sales. Consequently, the small but persistent deficit should limit further price declines.