Silver demand likely to depend on Indian investors
At a time where strong physical demand is the only thing keeping weak silver longs from panicking, many are focused on seasonal Indian demand and the strengthening rupee.
by Dr. Jeffrey Lewis, MineWeb.com
With the Indian rupee having gained 7.3 percent against the U.S. Dollar since the end of August alone, silver prices expressed in rupees will likely soften in the near term.
This led at least one analyst to predict that silver’s price direction in the short term could depend on Indian investors.
Combined with seasonal demand, a strengthening rupee could impact physical demand for silver going forward at a time where strong physical demand is the only thing left keeping many weak silver longs from panicking.
2012-10-17 05:40:10
Source: http://sgtreport.com/2012/10/silver-demand-likely-to-depend-on-indian-investors/
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