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UBS trims 2014 Silver price forecast from $25 to $20.50 an ounce

Posted on 05 December 2013

UBS Investment Research has trimmed its silver price forecasts for next year from $25 previously to $20.50 an ounce while it cut its gold price forecast from $1325 to $1,200 an ounce. Swiss bank also cut its average silver price forecast for 2015 from $24 previously to $21per ounce and they left the 2015 and more distant gold forecasts unchanged from previous calls.
“The struggle for gold not only rests with the predominant selling interest amongst investors currently, but with limited positive catalysts looking forward; gold is unlikely to regain its former appeal,” said UBS Analyst Joni Teves and Strategist Edel Tully………………………………………..Full Article: Source


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