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Silver will see ‘mini-squeeze events’ to address London-New York imbalance, price could hit $40 this year

From kitco.com

After gold’s sustained rally to a succession of all-time highs over the last two years, silver prices have finally started to break out over the last two weeks. And the unresolved market distortions between New York and London could see the gray metal hitting new highs of its own before long, according to Daniel Ghali, senior commodity strategist with TD Securities. “Right now, the silver market is buzzing with excitement because prices broke through $35 an ounce,” Ghali said. “That's been very difficult to break through over the last several years. The last time silver prices broke through this level, we traded $50 ... (full story)

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  • Category: Fundamental Analysis