bacpacker
03-03-2013, 02:45 PM
Here is an interesting article on future silver prices.
http://articles.economictimes.indiatimes.com/2013-02-13/news/37079184_1_industrial-demand-silver-price-price-rallies
HSBC raises 2013, 2014 silver price forecasts
Reuters Feb 13, 2013, 11.16PM IST
Major bullion bank HSBC on Wednesday raised its forecasts for 2013 and 2014 silver prices, citing growing industrial demand and investor appetite for the metal.
The silver price is likely to move higher in 2013 due to higher industrial demand, steady investor appetite for hard assets, strong coin and bar purchases and a bottoming out of jewelry demand, HSBC analyst James Steel said in a note.
The bank raised its 2013 average silver price forecast to $33 per ounce from $32 and its 2014 view to $31 from $28 an ounce.
"While silver will be subject to many influences, we believe ongoing accommodative global monetary policies will be the single most important factor in ushering in higher prices," Steel said
Silver is expected to trade in a wide range of $27-$37 an ounce in 2013, and price rallies may be capped by growing mines, refined scrap supply and a likely reaction by consumers to rising prices, Steel added.
http://articles.economictimes.indiatimes.com/2013-02-13/news/37079184_1_industrial-demand-silver-price-price-rallies
HSBC raises 2013, 2014 silver price forecasts
Reuters Feb 13, 2013, 11.16PM IST
Major bullion bank HSBC on Wednesday raised its forecasts for 2013 and 2014 silver prices, citing growing industrial demand and investor appetite for the metal.
The silver price is likely to move higher in 2013 due to higher industrial demand, steady investor appetite for hard assets, strong coin and bar purchases and a bottoming out of jewelry demand, HSBC analyst James Steel said in a note.
The bank raised its 2013 average silver price forecast to $33 per ounce from $32 and its 2014 view to $31 from $28 an ounce.
"While silver will be subject to many influences, we believe ongoing accommodative global monetary policies will be the single most important factor in ushering in higher prices," Steel said
Silver is expected to trade in a wide range of $27-$37 an ounce in 2013, and price rallies may be capped by growing mines, refined scrap supply and a likely reaction by consumers to rising prices, Steel added.