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Silver price to consolidate on rising supply, weaker investment demand: CPM

Posted on 30 April 2014

Average silver prices in 2014 are expected to slip to around $20.440/oz from the 2013 average of $23.750/oz because of rising supply and weaker investment demand, analysts with the New York-based CPM Group said Tuesday.
“Silver prices are expected to consolidate this year, with limited downside potential,” CPM analysts said in their annual Silver Yearbook 2014 report. “The sharp decline in silver prices during 2013 was one of the primary factors that helped drive demand in the price-sensitive jewelry sector higher………………………………………..Full Article: Source


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