Sun, Apr 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

UBS cuts silver price forecasts on sour gold sentiment

Posted on 25 June 2013

UBS lowered its forecasts for silver on Monday, saying prices would come under pressure as sentiment towards gold sours and that silver has no drivers of its own. The investment bank cut its 2013 silver price outlook to $24 an ounce from $29 per ounce. It also reduced its 2014 forecast to $25 an ounce from $30 earlier.
“The elements of silver, which offer investors exposure to the gold price and effectively an insurance against macroeconomic uncertainties, currency debasement and the implications of such on inflation, will work to its detriment based on the current macro outlook,” UBS strategist Edel Tully said in a note………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930