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The silver market is undersupplied, which will drive prices above $30 - ANZ

From kitco.com

Volatility has picked up in the precious metals market, but one new trend is emerging as the silver market wakes up and starts to outperform gold. In a report published Monday, commodity analysts at ANZ said that silver still has significant potential even after hitting solid resistance at $29.90 on Friday. The gold market is starting the week with some consolidation after it was unable to hold gains above $2,400 an ounce. June gold futures last traded at $2,375 an ounce, roughly flat on the day. However, silver continues to be the metal to watch as it currently trades at $28.70 an ounce, up more than 1.% on the day. ... (full story)

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  • Category: Fundamental Analysis