bullish
Silver Soars Amid China’s Stimulus and Investment Demand
304 Views14 Oct 2024 19:50
SUMMARY
- China’s largest post-pandemic stimulus package, freeing 1 trillion yuan in liquidity, spurred a 4% silver rally, boosting both industrial demand and consumer spending.
- U.S.-Listed silver ETFs saw $942 million in inflows since July, with $400 million added after the Fed’s rate cut, as lower rates increase demand for non-yielding assets like silver.
- Global solar installations are up 29% year-over-year, driving silver demand, with forecasts raised after China’s mid-year reversal of installation restrictions.
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