With silver stock price live at $29.70, the market is digesting mixed signals from U.S. retail sales numbers. Traders are closely watching the $29.50 support level, where historical buying interest has reemerged multiple times. Atop the losers today are software firm Pagaya PGY (-7%), biotech company Jyong Biotech MENS (-7%), and Upstart UPST (-7%). However, Oil & Gas companies are also finding themselves right at home on the losers' list as crude prices sag. What do we know about silver supply and silver demand? Many market watchers look to the World Silver Survey for information; it is published each year by the Silver Institute using data provided by Metals Focus. While we await the 2025 World Silver Survey publication expected in April, we can take a look at the Silver Institute's January 2025 silver market forecast, backed by Metals Focus research. The spot silver stock price live at $29.66 reflects mild selling pressure after touching intraday highs. Traders see this as healthy retracement, aiming for fresh entry points near $29.50 for long positions.
