Signs of a swift recovery in demand. Is it the right time to buy silver?

Silver was reeling under the bearish grip for the past several weeks. It was the worst-performing precious metal in 2022. A firmer US dollar, rising global interest rates, and a decline in industrial demand lessened the sheen of the commodity throughout the year.A recent report published by the Silver Institute projects global silver demand is likely to reach a record high of 1.21 billion ounces this year with a noticeable increase in key areas of demand, except photography.

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