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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Silver to average $24/Oz in 2013

Posted on 07 January 2013

Silver prices to average $24 an ounce this year, as per HSBC Holdings PLC 2013 predictions. According to HSBC’s macroeconomic forecasts indicate that industrial purchases of silver will increase substantially in 2013, countering the new mining surplus. Electronic and electrical industries, such as solar panels, are expected to produce much of the demand.
Electronic cameras should have a distinct impact as lower demand for silver products for use in photography means fewer recycled silver nitrates will enter the supply chain………………………………………..Full Article: Source


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