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Silver Market

From silverseek.com

Despite recent headwinds, it looks to be clear sailing going forward for silver, according to recent forecasts from three financial services firms. “A higher gold price, along with the ongoing recovery in industrial demand, particularly from China, means that the price of silver is likely to rise in the year ahead,” Capital Economics said in a report published on Sept. 30. “All in all, a market deficit in conjunction with a higher gold price should lift the price of silver to $25 and $27 per ounce by end-2020 and end-2021, respectively,” assistant commodities economist Samuel Burman wrote. He added, “Demand for ... (full story)

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  • Category: Technical Analysis