But industrial demand fell by about 6 percent for the year and the decline took some support out of spot prices. Silver barely broke the $35-an-ounce range during a short seasonal rally in the fall. In the last quarter of 2012, silver has lived up to its reputation, with 100-day historical volatility nearly twice as high as that of gold, as Silver Investing News reported Friday. That has left silver fighting to stay above $30 an ounce.In 2013, silver's industrial demand side, which accounts for well over half of all silver demand, may continue to be the wild card in price performance for the white metal. Given that global economic uncertainty is expected to carry over from last year, Barclays (LSE:BARC) has said that in 2013 silver will most likely retain its position as the “most volatile” amongst metals in terms of “price action.”
Silver Outlook 2013: Industrial Demand The Wild Card In An Investment-driven Market
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