14.03.2014 - Silver's three main drivers for 2014 - HSBC
Silver is likely to trade in a range between $17.75 and $22.75 for the rest of 2014 as the global silver surplus widens to around 156moz this year, says HSBC. According to the group's latest silver outlook publication, there are three main trends that are likely to drive the silver market in 2014: Supply remaining strong, investment demand making a modest recovery and the current pickup in demand from industry and jewellery. Looking at the supply side first, the bank says that at near $20/oz, prices are within striking distance of the highest-cost marginal producers. But, despite this, it says, silver remains worth extracting...............................................Full Article: Source
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