On the slide this year, silver likely to see some recovery: Experts

Silver’s been the worst-performer among major precious metals in 2022, but prices may have fallen far enough to spark a modest recovery.

The white metal has lost about 11%, weighed down by the stronger US dollar, rising interest rates and slowing growth. But prices could turn higher from later this year as the electronics and photovoltaics sectors support industrial consumption, while retail and jewelry demand look strong, James Steel, chief precious metals analyst at HSBC Securities USA Inc., said in a note early this month. 

“We believe silver is oversold,” Steel said. “Much of silver’s industrial demand will be well supported and