Silver can reach $100 an ounce this year, but the momentum won’t last - Bank of America
From kitco.com
The silver market continues to struggle, with prices stuck below $75 an ounce, and although prices could move higher by year-end, one bank is warning investors that the precious metal faces some headwinds due to shifting industrial demand. In their latest precious metals note, commodity analysts at Bank of America, led by Michael Widmer, Head of Metals Research, wrote that they remain optimistic about silver prices reaching $100 an ounce in the fourth quarter of this year, but they warned that the gains won’t be sustainable. “While a rally in gold could once again boost silver above $100/oz in the coming months, we ...
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