Gold News Hubb
Advertisement Banner
  • Home
  • News
  • Gold Mining
  • Contact
No Result
View All Result
  • Home
  • News
  • Gold Mining
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home News

Rising Gold prices in the second half of the year to pull up Silver too – Commerzbank

admin by admin
February 10, 2023
in News


Share:

Silver has dropped back again this year. But strategists at Commerzbank expect increasing Gold prices to lift Silver too.

Supply deficit likely to shrink on Silver market

“Global demand is likely to decrease as compared with its record high last year. Growing supply is anticipated at the same time: mining production is expected to reach its highest level since 2016 and the supply of scrap Silver to post the highest level in a decade.”

“As these two effects combined will probably mean that the supply deficit this year will not be even half as high as it was last year, the Silver Institute sees little potential for pronounced price rises this year. With its cautious prediction of an average price of $23 this year, it is more sceptical than we are.” 

“We expect rising Gold prices in the second half of the year to pull up the Silver price too.”

 



Source link

Tags: Banksgoldsilver
Previous Post

History Rhymes: SchiffGold Friday Gold Wrap Feb. 10, 2023

Next Post

Bank of America CEO Brian Moynihan warns to prepare for a US debt default and a recession

Next Post

Bank of America CEO Brian Moynihan warns to prepare for a US debt default and a recession

Recommended

Russia to Price Silver in Gold Grams?

2 months ago

BoA warns hot inflation could run rampant for another 10 years

2 months ago

© 2022 Gold News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Gold Mining
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Gold Mining
  • Contact

© 2022 Gold News Hubb All rights reserved.