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Silver prices may average $17.8 oz in Q3 2013 on weak fundamentals

Posted on 08 July 2013

Silver prices are expected to average $17.8 per troy ounce in the third quarter of this year as it is witnessing weak fundamentals characterised by poor industrial demand and investors’ support, said London based Barclays in a report.
The commodity is expected to continue with its negative trend in the near term, the bank said. Morgan Stanley recently reduced its 2013 silver price forecast by 14% to $23.39. The financial firm also revised down its 2014 price projection by 29% to $21.01 an ounce………………………………………..Full Article: Source


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