Metals Focus – World Silver Survey, 2024

The report by the Metals Focus - World Silver Survey, 2024 by the authors suggests that silver is anticipated to perform better than gold in the near future. However, the crisis in China's property market and worries about a slowing economic recovery have had a negative impact on industrial metals. Net managed money positions are currently at their highest level since May 2022, indicating a bullish sentiment among investors. Additionally, holdings in Exchange-Traded Products (ETPs) have increased to their highest level since last July. These factors suggest a mixed outlook for the silver market, with potential upside due to silver's historical outperformance relative to gold, but also downside risks associated with broader economic challenges.