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
|