Mumbai, July 31 -- COMEX Silver futures slumped yesterday amid firm US dollar and continued reversal from a around 14-year highs extended. The metal has been rising impressively in recent times on supportive demand trends. The Silver Institute had noted at the start of the year that global silver market is forecast to record another significant deficit (total supply less demand) for the fifth consecutive year in 2025. Silver industrial demand will remain the key driver of this favorable supply-demand scenario. Global silver demand is expected to remain broadly stable in 2025 at 1.20 billion ounces, as gains in industrial applications and retail investment will be mitigated by weaker jewelry and silverware demand.
However, with the US dolla...