| The shine is coming off of silver, at least according to a report from Citi Research published yesterday. Citi analysts David B. Wilson, Jason S. Sappor and Ivan Szkapowski say that the recent rise in silver prices is likely unsustainable given the neutral-to-bearish fundamentals of the silver market. The analysts summarize their point of view below.
“It should be emphasized that strong retail investor demand for coins and medals in 2013, with record US Silver Eagle coin sales of 47 m oz., was driven largely by falling prices and resultant bargain hunting, while conversely 2013 ETF uptake was muted because of those same price falls. ..............................................Full Article: Source
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