INSUBCONTINENT EXCLUSIVE:
Silver prices gained modest ground on May 2, 2025, trading at $32.56 per troy ounce, up 0.39% for the day after three consecutive sessions
The precious metal has climbed 12.77% since January, adding $3.69 per ounce to its value despite recent pressure.The small recovery follows
Market sentiment shifted as US President Trump signaled potential trade agreements with India, Japan, South Korea and expressed optimism
about a deal with China.These diplomatic developments eased global trade tensions and temporarily dampened safe-haven demand
Economic indicators have created mixed signals for silver markets.The US economy unexpectedly contracted by 0.3% in the first quarter of
2025, marking its first negative growth in three years
Chinese manufacturing also showed weakness with the manufacturing PMI sinking to a 16-month low as export orders plunged dramatically.The
precious metal continues to benefit from a structural supply-demand imbalance
The silver market remains in its fifth consecutive annual deficit, a fundamental factor supporting prices.Silver Navigates Trade Tensions
and Supply Deficit as Prices Edge Upward
(Photo Internet reproduction)Total global supply grows at 3% to reach 1.05 billion ounces in 2025, yet fails to meet demand levels
Industrial applications drive this favorable backdrop.Silver Demand Surges on Industrial GrowthSilver industrial demand heads toward a new
record high this year, particularly in solar technology, automotive applications, and electronics manufacturing
This industrial consumption provides a solid foundation for prices despite short-term fluctuations.Investment flows show renewed interest in
ETF inflows totaled $1.2 billion in Q1 2025, completely reversing the $800 million outflow recorded throughout 2024
Market analysts project prices could reach $33.92 by the end of Q2 2025 and potentially climb to $36.60 within twelve months.Indian markets
mirror global trends with silver prices growing 0.44% to ?95,350 per kilogram
Regional variations show Mumbai at ?95,170, Delhi at ?95,010, Kolkata at ?95,060, and Chennai at ?95,450.In addition, the recent Akshaya
Tritiya festival generated robust silver sales estimated at ?4,000 crore (approximately $480 million).Traders watch Federal Reserve policy
through the remainder of 2025.
