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China’s net silver imports to continue to decline in 2014; Silver to avg $20.40/Oz: Citi

Posted on 06 March 2014

China’s net silver imports dropped sharply by 37% year-on-year last year, Citi believes the decline to continue in 2014. The New York based bank also looks for by-product output from mining operations for other metals to drive up silver supply by 2% in 2014.
Citi also looks for silver prices to average $20.40 an ounce level this year. The metal hit a nine-week high of $21.98 in January, with prices buoyed by the uptick in gold, driven by concerns about China, geopolitical turmoil in Ukraine and mixed U.S. economic data………………………………………..Full Article: Source


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