Sunday, February 28, 2021
  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact
Gold Investment
No Result
View All Result
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
No Result
View All Result
Gold Investment
Home Silver Foreign Silver Coins

Silver prices to push towards $20 in 12 months – Bank of America

Gold Investment Experts by Gold Investment Experts
in Foreign Silver Coins
3 min read
0
Silver prices to push towards $20 in 12 months – Bank of America
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter


Editor’s Be aware: With a lot market volatility, keep on prime of day by day information! Get caught up in minutes with our speedy abstract of as we speak’s must-read information and skilled opinions. Enroll right here!

Silver prices to push towards $20 in 12 months - Bank of America 1

(Kitco Information) – The silver market has gone via a little bit of a tough patch in the previous couple of months however the backside may very well be in for the valuable steel, in line with one financial institution forecast.

It seems that Financial institution of America isn’t just bullish on gold. In a report revealed Wednesday the financial institution ’s commodity analysts mentioned that they see silver costs pushing to $20 an oz. throughout the subsequent 12 months.

“Our provide and demand mannequin implies that silver costs beneath $15/ouncesare exhausting to justify,” the analyst mentioned of their report.

Might silver futures final traded at $15.40 an oz., up 0.4% on the day.

The analysts mentioned weak industrial silver demand, which represents roughly half of the market, is the rationale why silver costs have considerably underperformed gold. Industrial demand has fallen off a cliff as the worldwide financial system faces its worst downturn for the reason that 1930s ’ Nice Melancholy.

At the moment, Financial institution of America economists predict the worldwide financial system to contract 2.8% this yr. Weak industrial demand may find yourself pushing silver demand to its lowest degree in 2004, the commodity analysts mentioned.

Nevertheless, though the expansion outlook seems dismal, the analysts mentioned that there’s some hope that manufacturing will bounce again as nations restoration from the COVID-19 pandemic.

“Whereas the unfolding Covid-19 well being emergency has had a extreme impression on the worldwide financial system, we consider that weak GDP development figures include a caveat, which implies that industrial offtake may rebound extra rapidly than among the weak sectoral development information suggests,” the analysts mentioned. “it’s value retaining in thoughts that the worldwide financial system entered the government-mandated lockdown and recession comparatively wholesome, which, towards huge fiscal stimulus, ought to finally assist a rebound of exercise and a stabilization of demand for the white steel.”

The analysts added that not solely will authorities stimulus restart financial exercise however it’ll additionally assist silver ’s funding demand shine as a financial steel and hedge towards rising inflation.

“Monetization of debt, together with the potential implications for inflation, makes exhausting property like silver enticing,” the analysts mentioned. “A rebound of financial development, supported by fiscal stimulus and central banks, may suggest that silver will finally take off on two engines, having crashed to earth simply now.”


Disclaimer: The views expressed on this article are these of the creator and should not replicate these of Kitco Metals Inc. The creator has made each effort to make sure accuracy of knowledge offered; nonetheless, neither Kitco Metals Inc. nor the creator can assure such accuracy. This text is strictly for informational functions solely. It’s not a solicitation to make any alternate in commodities, securities or different monetary devices. Kitco Metals Inc. and the creator of this text don’t settle for culpability for losses and/ or damages arising from using this publication.

Related posts

Bitcoin sell-off over? Strong ‘buy the dip’ signal flashes for the first time in 5 months

Bitcoin sell-off over? Strong ‘buy the dip’ signal flashes for the first time in 5 months

Interest rates have been a key driver for gold in both 2020 and 2021. As interest rates have moved higher, the gold price has decreased but higher inflation expectations may provide some support for gold

Interest rates have been a key driver for gold in both 2020 and 2021. As interest rates have moved higher, the gold price has decreased but higher inflation expectations may provide some support for gold



Supply hyperlink

Previous Post

We are targeting 100 per cent normalcy by Q4, says Titan Jewellery CEO Ajoy Chawla

Next Post

Commerzbank: gold prices correcting lower after sharp run-up

Next Post
Commerzbank: gold prices correcting lower after sharp run-up

Commerzbank: gold prices correcting lower after sharp run-up

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Gold Ends First Week of 2021 at 3-Week Low

Gold Ends First Week of 2021 at 3-Week Low

PRECIOUS-Firm dollar weighs on gold prices amid virus threats

PRECIOUS-Gold firms to near 8-year peak as virus concerns boost demand

Gold prices sharply up amid Goldilocks environment for the metal

Gold prices sharply up amid Goldilocks environment for the metal

Oil traders unwilling to buy Nigerian crude despite discounted at $10 per barrel

Brent crude prices set to post fifth straight monthly gains

BROWSE BY CATEGORIES

  • Foreign Gold Coins
  • Foreign Silver Coins
  • Gold bar
  • Gold Jewelry
  • Platinum Bars
  • Platinum Coins
  • Silver Bars
  • Silver Jewelry

POPULAR NEWS

  • Miles Standish Designs Miss Liberty Silver Bullion Coins

    Miles Standish Designs Miss Liberty Silver Bullion Coins

    12 shares
    Share 5 Tweet 3
  • Bought Out? Why Shopping for Gold All of the sudden Obtained So Exhausting

    4 shares
    Share 2 Tweet 1
  • Palladium Surges above $2,400. Is It Sustainable?

    4 shares
    Share 2 Tweet 1
  • Gold positive factors safe-haven luster as jobless claims contact document

    3 shares
    Share 1 Tweet 1
  • Gold-Backed Cryptocurrencies Develop Premiums as Gold Demand Soars

    3 shares
    Share 1 Tweet 1
  • Concerns rise over fake gold in Saudi Arabia

    2 shares
    Share 1 Tweet 1
Gold Investment Portal

Follow us on social media:

  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact

Recent Posts

  • Diamond Jewelry Market Size 2021
  • Bitcoin sell-off over? Strong ‘buy the dip’ signal flashes for the first time in 5 months

Recent News

Gold and Silver Jewelry Market 2021 Industry- Emerging Trend, Top Players, Revenue Insights to 2027 – Splash Radio Wales

Diamond Jewelry Market Size 2021

Bitcoin sell-off over? Strong ‘buy the dip’ signal flashes for the first time in 5 months

Bitcoin sell-off over? Strong ‘buy the dip’ signal flashes for the first time in 5 months

  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact

Copyright © 2020 Gold Investment. All Rights Reserved.

No Result
View All Result
  • Home
  • Gold
    • Gold bar
    • Foreign Gold Coins
    • Gold Jewelry
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Silver Bars
    • Silver Jewelry
    • Foreign Silver Coins
  • About
  • Contact
  • Terms of Use
    • Privacy Policy
    • Cookie Policy
    • CCPA – California Consumer Privacy Act
    • DMCA

Copyright © 2020 Gold Investment. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.