| Silver prices should track gold at an average ratio of 72:1 as larger economic trends prove more potent than supply/demand fundamentals, JP Morgan said on Tuesday. “The large macro themes – US rate hikes, strong dollar, potential for upticks in geopolitical risk – that will drive gold prices will also largely influence silver prices throughout 2015 and 2016,” JP Morgan said.
“From a fundamental perspective, continued growth in the global economy should underpin growth in industrial applications for silver but cheaper alternative materials and thrifting will likely temper some of this growth,” said the bank, which said that industrial application demand will grow by 2.5 per annum over the next two years...............................................Full Article: Source
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