by Michelle Smith, Silver Investing News:
The latest news from Barclays is that China’s April silver imports clocked in at 172 tons, 28 percent lower than the same period last year, Commodity Online reported. Unfortunately for the white metal, the bank believes that result foreshadows more bad news — it predicts that silver will be the weakest-performing precious metal this year and expects the silver market to reach its second-largest recorded surplus.
Specifically, Barclays believes that the data out of China “reaffirm[s] the weak underlying demand for the metal from an industrial standpoint,” Mineweb quoted the bank as stating in a note.
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