Core Viewpoint - The article highlights the extensive experience of Myra P. Saefong in the commodities sector, emphasizing her role in covering market trends and insights for over 20 years [1] Group 1 - Myra P. Saefong has been with MarketWatch for 20 years, focusing on the commodities sector [1] - She has written the daily Futures Movers and Metals Stocks columns, showcasing her expertise in market analysis [1] - Since 2005, she has been contributing to the weekly Commodities Corner column, further solidifying her position in the industry [1]

Market Analysis by covering: Silver Spot US Dollar, Silver Futures, iShares Silver Trust, Sprott Physical Silver Trust USD. Read 's Market Analysis on Investing.com ...

Group 1 - The core viewpoint is that the silver market is experiencing a dual drive from its financial attributes and a surge in industrial demand, leading to a bullish trend in silver prices [1] - Silver prices have shown a significant increase, with the main futures contract rising by 3.44% and reaching a historical high during trading [1] - The macroeconomic environment is favorable, with an expanding supply-demand gap and a rapid correction in the gold-silver ratio contributing to the medium to long-term upward momentum in silver prices [1] Group 2 - The financial attributes of silver are becoming more pronounced, serving as both a currency and an investment asset, which makes it more sensitive to macroeconomic conditions and market sentiment compared to gold [1] - Industrial demand for silver is projected to account for 59% of global consumption in 2024, with photovoltaic demand representing approximately 17% of total demand [1] - The long-term trend indicates an upward shift in the price center for silver, driven by the economic cycle and the elasticity of its industrial properties [2]

Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...