HSBC raises silver price outlook on gold strength, geopolitical risks

HSBC raises silver price outlook on gold strength, geopolitical risks

From finance.yahoo.com

HSBC has lifted its silver price forecasts for 2025, 2026, and 2027, citing strong support from high gold prices and safe-haven demand in the face of geopolitical and economic uncertainty. The bank now expects average silver prices of $35.14 per ounce in 2025, up from $30.28 previously, $33.96 in 2026, against an earlier forecast of $26.95, and $31.79 in 2027, versus $28.30 formerly. While silver prices have surged, HSBC cautioned that the rally is "due more to silver's relationship with gold than (to) underlying fundamentals", with record-high gold exerting a "strong gravitational pull" on silver. Spot gold ... (full story)

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