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Peter Spina, CEO at GoldSeek.com, comments that banks are downgrading silver after recent price drops and that the impact of falling industrial demand may be overstated if investment demand surges.
Spina also notes that China saw a major push for solar installations years ago, leading to a current glut that is now being reduced.
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Earlier this year, Peter Spina reported that China imported 865 tons of gold in the first half, up 90 percent year-on-year. He also noted that BlackRock acquired more than 8 million shares of Pan American Silver and increased its stake in Coeur Mining. These developments have contributed to ongoing discussions about precious metals demand and market positioning.