The price of silver rises to the highest level since 2011 amid the scarcity to supplies

Silver prices have risen to the highest level since 2011, in light of the application of larger bonuses to the price in the United States, and the prevalence of indications of the scarcity of supplies in the direct market of London. Silver rose 4% to $ 38.47 per ounce, the highest level since September 2011. Future silver contracts in the United States increased more as delivery contracts reached $ 39.12 per gram in September. It is not customary for a gap of this type in the price, as it is usually eliminated quickly by plea. The last time the two main markets of silver were a prize waist at the beginning of the year, when the possibility of imposing US customs duties on silver imports led to the high prices of future contracts in the United States. The chance of the argument also led to the high leases, as customers tried to provide the metal for shipping to the stores associated with the ‘comics’ scholarship in New York. The silver shipwave to the United States suddenly ended after the White House confirmed that the precious metal was not released from customs duties. The expected cost of silver loans for one month on an annual basis in London rose to about 4.5% on Friday, which is a significant increase from the usual interest rate near zero. The high prices of leases indicate the scarcity of supplies in the market. The lack of silver silver shares, most silver on the London Stock Exchange, belongs to the traded boxes, which means it is not possible to lend or buy. The white metal recently received a group of the flow of large investments to the boxes returned by the silver, as the interests increased by 1.1 million ounces on Thursday, according to the data collected by “Bloomberg”. Daniel Ghali of TD Securities indicated that the exit of silver from the market is due to the opportunity to exchange related to customs duties to a decline in stocks to critical levels in the market. He wrote in a memorandum released on Thursday: “Our expectations for the size of the silver available for trading in the London Skin Market Federation at the lowest level ever. It is a silver liquidity that reveals to us that silver markets will not return to balance, except by pressure on actual stock.” The rise of silver over gold exceeded the white metal by 33% this year, and the profits excelled over the gold during the last period. Silver has a double nature as it receives a lot of attention as a result of its use as a financial asset and an initial material included in many industries, including clean energy technologies. The metal is also an important component of solar panels, which forms an increasingly important source of demand. In light of this, the market is on its way to a deficit in the fifth year, according to the “Silver Institute” concerned about the sector. On the other hand, the immediate gold price rose 1% to $ 3,357,79 per gram at 2:21 pm in New York, the “Bloomberg” index for the immediate dollar increased by 0.2%, and the price of platinum rose more than 2%, while the price of palladium rose by more than 6%. * Prices have been updated to reflect the reality of the markets