Comex silver slips to $61.15 as elevated prices threaten green-driven demand
AI Market Summary
Elevated silver prices are starting to curb "green" industrial demand via thrifting and substitution, increasing downside sensitivity to fabrication cycles despite an ongoing physical deficit. In contrast, gold demand appears structurally supported by central-bank buying and strong ETF inflows, making it less price-elastic. The divergence implies relative resilience for gold versus more cyclical risk for silver in the near term.
Impact level
● Medium
Affected assets
NCSKSLV2USD/USDT-0.78%
AI Insight · NCSKSLV2USD/USDTAI Insight
● Neutral
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As of September 29, Comex silver futures were at $61.15 per ounce, down 1%, while gold futures traded at $4169.9 per ounce, down 0.02%. Spot silver returned 15% in August, beating gold’s 13% gain. Global gold ETFs saw about $18 billion of net inflows in August, the second-largest monthly inflow on record, lifting total holdings to a record near 4,000 tonnes. High silver prices are starting to curb green-industry demand, while gold continues to draw support from central-bank buying and safe-haven flows.
