| In a tough year for precious-metals investors, a pair of specialists at HSBC don’t see much changing for the rest of 2013, at least when it comes to the price of silver. HSBC’s James Steel and Howard Wen predict in an Aug. 5 note that the metal’s price — down about 35% this year — is likely to hover between $17 to $23 per ounce for the remainder of 2013.
Sandwiching the recent price of $19.70 is the duo’s way of accounting for rising supply of the metal alongside the dampening effect of Federal Reserve policy shifts and weaker demand from exchange-traded funds...............................................Full Article: Source
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