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The British precious metals research firm noted that silver's nearly 12% short-squeeze rally at the start of the week was triggered by shifting interest rate expectations, following disappointing economic data highlighting waning momentum in the U.S. labor market. "This already represents the third highest total on record and, even though the recent price gains may temper near-term imports, the forthcoming festive and wedding season and its associated jewelry and silverware buying mean it seems only a matter of time before India posts a new high, eclipsing 2015's record of 7,530t," the analysts said.
Source: Loan Digest (loandigest.net)
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