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00:00 Silver prices are showing signs of recovery.
00:04 Has this mine started to recover?
00:06 We are talking about silver prices that recorded the highest level in three years.
00:10 This comes under the expectation of the economic policy of the US Federal Reserve this year.
00:17 Let's look at the details.
00:19 No doubt that silver prices have shown signs of rising.
00:22 We saw a rising movement with a decrease in reserves.
00:25 Why are we talking about a decrease in reserves?
00:27 Because silver prices have been disappointing for 40 years
00:31 because of the high demand for silver.
00:37 But this year we saw that silver prices recorded the highest level in three years
00:43 and silver prices exceeded 27 dollars per ounce
00:47 which is the highest level since March 2022.
00:51 But what about the performance of silver and gold since the beginning of this year?
00:55 We saw a rise in gold prices, which recorded a record level since the beginning of this year.
01:00 The price of silver increased and reached more than 2300 dollars per ounce.
01:06 As for silver, it recorded about 27 dollars per ounce.
01:10 As for performance, silver increased by 14.19% since the beginning of this year
01:18 which is higher than the gold which was at 11%
01:23 But if we want to talk about the reasons for the rise in silver prices
01:27 what are the reasons that made silver prices rise?
01:31 No doubt that the decrease in silver reserves in the last three years
01:35 led to a rise in prices.
01:38 In this statement, we show that in the past years
01:41 or in the past decade, there was a high demand for silver.
01:45 There was a high supply of silver compared to the demand for silver
01:52 and this made silver prices rise or fall in the past years.
01:56 But now, because of the low supply, this has affected the prices of silver
02:02 which we started to see a rise in.
02:04 But we talked about silver prices.
02:07 But what does the world silver market look like?
02:10 The estimates or the expert houses indicate that the size of the world silver trade in 2022
02:15 was estimated at about 30 billion dollars.
02:18 But what about the silver exporters and importers?
02:21 The largest export of silver in 2022 was from China
02:27 which was estimated at 3.75 billion dollars.
02:30 As for the importers, the United States exported 5.81 billion dollars.
02:38 But what about the expectations of this year?
02:41 The expert houses indicate that the silver supply was over 5000 tons in 2024.
02:49 In general, there is no doubt that a shortage of silver in this year
02:54 will affect the prices and we can see other rises in the near future.
02:59 al-Qarib.