Silver dealers face overstocking fears as investment demand dries up after 40% price fall

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With investment demand for silver dwindling, refiners and dealers are inundated with rising stockpiles. The precious metal’s prices have dropped more than forty percent since the beginning of the year, negatively affecting investor morale. Cautious buying continues due to heavy losses faced by earlier investors. Coupled with an expected dip in industrial consumption, market conditions remain tense. Nevertheless, a few long-term investors perceive this correction as a timely diversification opportunity.