News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
Citi Bullish on Silver Prices w/ 6-12 Mth Forecast Raised to USD43; Gold Price Peak May Have Ended
Due to the tightening physical supply of silver and escalated investment demand, Citi estimated silver prices to continue rising in the coming months. The 3-month silver forecast h...
Reset
Send
The window will close in 5 seconds
Citi Bullish on Silver Prices w/ 6-12 Mth Forecast Raised to USD43; Gold Price Peak May Have Ended
Close
Recommend
3
Positive
3
Negative
3
 
SHORT SELL
 
STOCK INFO

Due to the tightening physical supply of silver and escalated investment demand, Citi estimated silver prices to continue rising in the coming months. The 3-month silver forecast has been raised from USD38 per ounce to USD40, while the 6-12 month forecast has been lifted to USD43.

Meanwhile, Citi reiterated a more cautious stance on gold in the belief that its peak may have already passed. It predicted that gold prices would fall below USD3,000 per ounce next year.

Silver futures for September last climbed by 0.2% or USD0.075 to USD38.185 an ounce.

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.