​​S&P 500, silver price slip as EUR/GBP stabilises - ig.com

Currency pair stabilization driving short-term silver weakness is just trading desk noise. The real story remains unchanged - industrial demand hitting multi-year highs while mine supply struggles to keep pace. COMEX registered silver sits at critically low levels relative to open interest. Smart money knows these forex-driven dips are gift entries. The gold-silver ratio at current levels still screams silver is undervalued versus its monetary metal cousin. Physical premiums aren't budging despite paper price weakness, telling you everything about actual supply conditions. Stack the dip.