music
Would you like to react to this message? Create an account in a few clicks or log in to continue.
music

123456


You are not connected. Please login or register

Capital Economics predicts a rise in the silver price

Go down  Message [Page 1 of 1]

shejunlin0754



Silver futures managed to eke out modest gains on Monday after a more than 6% tumble last week to lows last seen early in 2010.At around $16.10 an ounce, silver is down 17% this year and nowhere near the contract high of just over $48 an ounce in April 2011 (or the Hunt-induced spike to $48.70 in 1979).
Capital Economics is not alone among analysts expressing surprise at the weakness in the www.rsgpfast.com this year "given that industrial metals prices have been more resilient and industry accounts for about 60% of global silver usage." At around 73 the gold/silver price ratio is now close to levels last seen at the height of the global financial crisis and the independent researcher expects the ratio to be trimmed to a more normal 60.
Capital Economics predicts a rise in the silver price to $20 an ounce by end-2015 and $23 by end-2016 and "with the risks on the upside." Source: Capital Economics

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum