26.06.2014 - HSBC cuts avg Silver price forecast for 2014 from $20.80 to $19.50/Oz
British bank HSBC has cut its average silver price forecast for 2014 from $20.80 an ounce to $19.50 an ounce, saying a rise in supply will cap rallies. HSBC forecasts silver prices to trade in a $17 to $22 range this year. In addition to lowering its 2014 average price forecast to $19.50, it also reduced its 2015 price forecast to $19.25 from $20.25, but left its 2016 forecast at $21.50 and its longer-term forecasts unchanged at $25...............................................Full Article: Source
Print