SILVER - Futures - 23/5/2024
1. SILVER
Technical:
COT Report: 05/14/24 - we received the highest net positions of the 26 week at -81,422
Key Drivers of Silver Demand: Fundamentals
Semiconductors: Silver's conductivity makes it essential in semiconductor chips, printed circuit boards, CPUs, and mobile phones. The global semiconductor shortage has highlighted silver’s irreplaceability in electronics.
IoT Devices: Silver is crucial in the electricity transfer for IoT devices and 5G technology. Demand for silver in these areas is expected to increase by 200% by 2030.
Cabling: Silver is used in high-performance wires and cables for applications like recording studios and aerospace, where its conductivity outperforms copper.
Water Purification and Filtration: Silver's antibacterial properties are used in water filters, food packaging, refrigerators, and pool filtration systems.
Medical Applications: Silver’s antibacterial properties are utilized in medical bandages to prevent bacterial infections and improve healing times in burns and wounds.
Summary:
Recent downtrend following the Swiss Bank's interest rate reduction from 1.75% to 1.50%.
Signs of potential CHF strengthening post Non-Farm Payroll week.
Technical:
COT Report: 05/14/24 - we received the highest net positions of the 26 week at -81,422
Key Drivers of Silver Demand: Fundamentals
Semiconductors: Silver's conductivity makes it essential in semiconductor chips, printed circuit boards, CPUs, and mobile phones. The global semiconductor shortage has highlighted silver’s irreplaceability in electronics.
IoT Devices: Silver is crucial in the electricity transfer for IoT devices and 5G technology. Demand for silver in these areas is expected to increase by 200% by 2030.
Cabling: Silver is used in high-performance wires and cables for applications like recording studios and aerospace, where its conductivity outperforms copper.
Water Purification and Filtration: Silver's antibacterial properties are used in water filters, food packaging, refrigerators, and pool filtration systems.
Medical Applications: Silver’s antibacterial properties are utilized in medical bandages to prevent bacterial infections and improve healing times in burns and wounds.
Summary:
Recent downtrend following the Swiss Bank's interest rate reduction from 1.75% to 1.50%.
Signs of potential CHF strengthening post Non-Farm Payroll week.
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