Precious Metals Fundamentals Rest on Structural Demand and Tight Supply As of June 24, the fundamentals for the Precious Metals complex are anchored by strong demand and limited supply. Central banks around the world continue to buy in an effort to diversify in the face of the growing global debt burden and concerns about currency values, and they have been buying in net terms for a number of consecutive quarters. Mine production of both gold and silver remains quite constrained. For gold, production has ei ...