Gold, silver investment demand to be virtually flat in 2018 - CPM Group
|Jeffrey Christian, Managing Partner at New York-based CPM Group, in his latest outlook report, noted that gold and silver investment demand is expected to be virtually flat in 2018 amid increased buying interest on geopolitical and economic concerns, Reuters reports.
Key Headlines:
Gold investment demand will increase slightly, to 27.5 million ounces in 2018 from 27 million ounces this year.
Silver investment demand will rise to 128 million next year from 108 million ounces in 2017.
Fabrication demand for silver, largely led by an uptick in solar panels, will drop because there is likely inventory sitting from purchases over the last few years.
“As a result, you’ll see less silver being sold in 2018 than in 2017, but it’s still an uptrend long-term because solar panels are still gaining in popularity.”
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